News From Press Gold exchange-traded funds mine a rich vein: The price dip pays off

Gold exchange-traded funds mine a rich vein: The price dip pays off

Source: BS Aug 12, 2024

Investments in gold exchange-traded funds (ETFs) surged to Rs 1,337 crore in July, marking an 84 per cent increase month-on-month and the highest level since February 2020.

Venkat Nageswar Chalasani, chief executive officer of the Association of Mutual Funds in India, attributed the rise to the slump in gold prices following the Customs duty announcement in the Union Budget.

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