Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more

Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields

Topics
Gold ETFs | PLI scheme | stock market trading

Ashley Coutinho Sundar Sethuraman & Chirag Madia  |  Mumbai 

Gold ETFs continue to gain traction Gold ETFs saw inflows of Rs 680 crore in April, taking the year-to-date flows to Rs 2,458 crore.

Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields. Concerns over inflation, uncertainty on account of the second wave of Covid-19, and geopolitical tensions in West Asia are expected to support gold in the short term, say analysts. "Gold functions as a strategic asset in an investor’s portfolio, given its ability to act as an ...

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First Published: Sun, May 16 2021. 20:25 IST
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