The gold holdings of asset management companies have gone up nearly 100% in the last two years to 38 tonnes in March. The stock exchanges, mutual fund houses, and online portals have all geared up to cash in on Akshaya Trithiya, as Indian consumers are rushing to buy gold after prices of the yellow metal crashed drastically. There is rush for gold ETFs too, quoted by wealth managers.
The recent dip in gold prices has already led to higher jewellery demand from the price -sensitive Indian investors. Investing in physical gold, however, is an costly affair, but an individual can easily invest in gold ETFs or gold fund of fund and liquidate it with a much lesser impact cost.
The recent dip in gold prices has already led to higher jewellery demand from the price -sensitive Indian investors. Investing in physical gold, however, is an costly affair, but an individual can easily invest in gold ETFs or gold fund of fund and liquidate it with a much lesser impact cost.
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