Mumbai : A dip in gold prices due to customs duty cut, long-term tax efficiency post the budget announcement, and the likely withdrawal of new issuances of sovereign gold bonds (SGB) are pushing investors to gold exchange-traded funds (ETF) or gold funds. Financial planners believe that investors should have at least a 10% allocation to … Read more
Gold ETFs saw an inflow for the second consecutive month in June of Rs 726.16 crore, according to the monthly data released by AMFI. The category saw an inflow of Rs 827.43 crore in May and an outflow of Rs 395.69 crore in April. In the first six months of 2024, the category received a … Read more
New Delhi: Gold exchange traded fund (ETF) witnessed a net outflow of ₹396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to … Read more
In the realm of MCX Gold and Silver trading, understanding price patterns is crucial for informed decision-making. Three prominent patterns — heads & shoulders, double tops and double bottoms — offer valuable insights into potential price movements, aiding traders in navigating the dynamic precious metals market. Head & ShouldersThe head & shoulders pattern typically signals … Read more
