News From Press Explained in charts: The spectacular rise of Gold ETFs and what lies ahead

Explained in charts: The spectacular rise of Gold ETFs and what lies ahead

Source: Moneycontrol Mar 12, 2024

On the back of a 13 percent compound return over the past three years, more retail investors have bought Gold exchange traded funds (ETF). Sovereign gold bonds (SGB) have also become popular. Retail accounts in gold ETFs also increased by more than 15 times over the last five years. As per the latest data from MF industry apex body AMFI, the total number of retail accounts in gold ETFs stood at 48.4 lakh as of December 2023.

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