Gold Futures Post Highest Close Since 2016 in Heavy Trading

Gold ETFs

Gold Silver Reports – Gold Futures Post Highest Close Since 2016 in Heavy Trading — Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average.

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Why is India’s interest in gold ETFs falling?

gold ETFs falling

Gold Silver Reports – With equity markets rising (the S&P BSE Sensex has returned 15% in the last 2 years and 26% so far this year), it’s no wonder that other assets—especially gold—have taken a back seat. According to the Association of Mutual Funds of India (Amfi), equity funds have seen net inflows (more money came in than went out) of Rs1.78 trillion so far in 2017.

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Gold ETFs add 9.1 tonnes in November

Gold Silver Reports – Gold ETFs add 9.1 tonnes in November – The World Gold Council has reported that gold ETFs saw net inflows amounting to 9.1 tonnes of gold ($393 million) during November, bringing total holdings to 2,357t ($8.5 billion).

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Mutual Funds Log Rs1.26 Trillion inflow in November

mutual fund

Gold Silver Reports – Investors have pumped Rs1.26 trillion into mutual funds in November, driving industry assets under management to an all-time high of Rs21.8 trillion. With the latest inflow, total infusion in MF schemes reached Rs3.8 trillion in the first eight months (April- November) of the current fiscal, latest data with Association of Mutual Funds in India (Amfi) showed.

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