12-15% allocation is a must to counter volatility in equities
The fall in gold prices may be a boon for the gold ETF category, which has seen inflows of over Rs 1,000 crore in the past two months
Currently, there are 11 Gold ETFs with assets under management (AUM) of Rs 13,800 crore offered by fund houses
"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines
Inflows in August came despite gold price coming off its all-time high, though it has risen 30% in the first eight months of the year
On a year-to-date (YTD) basis, gold prices have surged 27 per cent
According to the data, a net sum of Rs 921 crore was pumped into gold-linked ETFs last month, higher than the net Rs 494 crore in June
Gold ETFs drew largest monthly flows in five months amid risk-aversion
Those invested in YES Bank's Rs 15,000-crore follow-on public offering (FPO) had something to cheer last week
Gold ETFs and similar products recorded their eighth consecutive month of positive flows, adding 166 tonnes in July -- equivalent to $9.7 bn or 4% of AUMs, the World Gold Council said
Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate
US-China friction has weakened the dollar index, while disappointing US Jobless claims data has also pushed gold prices higher
In New Delhi, the price of 22-carat gold rose to Rs 47,510 per 10 gram
Gold exchange-traded funds saw hefty net inflows of over Rs 3,500 crore in the first six months of this year as investors continued to hedge their exposure to riskier assets amid the Covid-19 crisis
Currently, transaction in paper gold is available in the form of exchange-traded fund
Even as physical demand is absent, investments in paper gold are pushing the price of the yellow metal to record highs
Despite the government's efforts to stem the economic fallout of the pandemic, the fall in income levels triggered a fall in consumption/spending
Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand
The category has been one of the better performing asset classes since last year
In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days for physical gold and silver assets