Gold exchange traded funds News

It is considered auspicious to buy valuables like gold on occasions like Dhanteras, Diwali and Akshay Tritiya in India.

Equity and equity-linked saving scheme (ELSS) saw an infusion of more than Rs 61,000 crore during the first five months (April-August) of the current financial year.

Gold exchange traded funds (ETFs) continued losing steam as an investment class with investors pulling out more than Rs 200 crore from the instrument in the first quarter of the current fiscal, preferring equities over them.

Investors have pumped in nearly Rs 1.51 lakh crore into various mutual fund schemes in April, with liquid, income and equity funds attracting most of the inflows.

Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 775 crore from the instrument in the last fiscal, making it the fourth consecutive financial year of outflow.

After the regular market hours from 0915 hrs to 1530 hrs, trading in gold ETFs will resume at 1630 hrs on October 28 and continue till 1900 hrs, the exchange said.

Gold ETFs track the metal's prices and each unit of these securities is generally equivalent to one gram of gold.  

Leading stock exchange BSE Monday decided to extend the trading session for Gold Exchange Traded Funds on November 9 till 1900 hours on account of Dhanteras - a day considered auspicious for buying gold.

The Sovereign Gold Bond Scheme (SGBS) may address pure investment demand for the yellow metal and is easy to implement relative to the gold monetisation scheme, the India Ratings report said.

Leading stock exchanges NSE and BSE Thursday announced extended trading hours for Gold Exchange Traded Funds (ETFs) till 7 PM on April 21, on account of Akshaya Tritiya.