At a time when there are many risks and uncertainties in the global economy, a 20 per cent allocation to gold ETFs in an investment portfolio during Diwali is ideal, said Quantum AMC
Typically, July - September is a seasonally weak period for gold demand due to monsoons and inauspicious periods like Pitru-Paksha when buyers usually prefer to postpone gold purchases
At present, while there are several options for investors looking to put their money in gold, those investing in the white metal can only buy physical silver
Amid exodus, Gold ETF AUM plunged over 15% during the first 10 months to Rs 49.06 bn, against Rs 56,70 bn a year earlier; a sixth of the total outflow, or Rs 1.1 bn, came in January alone