Millennials likely to drive digital gold demand during Diwali
Synopsis
Due to flight to safety or quality, gold prices have risen by over 30% from 2019 levels.
KOLKATA: Digital gold is expected to get a push this Diwali, led by investments from millennials who prefer to treat gold as a financial instrument and not something that will lie idle in the lockers, fund houses, financial advisors and jewellers said. Gold exchange-traded fund (ETF) and gold fund of funds (FoF) have seen good momentum this year with millennials showing increased interest towards electronic gold and the trend is likely to
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