Mutual funds offer exchange-traded funds (ETFs) that invest primarily in physical gold with each ETF unit typically representing 1gm of gold. The equivalent physical gold (Yellow Metal) is held with the custodian bank and valued periodically, as per the Securties and Exchange Board of India’s (Sebi) guidelines. The performance of a gold ETF is benchmarked against the domestic price. Ideally, the returns from the scheme should match that of the benchmark.
Gold / silver prices today tumbled after they hit record highs recently. In spot markets, gold prices today slumped ₹233 to ₹37,945 per 10 gram in Delhi markets, Press Trust of India reported, citing All India Sarafa Association.
स्वतंत्रता दिवस (Independence Day) का जश्न पूरे देश में 15 अगस्त (15 August) को मनाया जाता है. भारत इस बार 73वां स्वतंत्रता दिवस (Independence Day 2019) मनाएगा. 15 अगस्त 1947 को अंग्रेजों के शासन से आजादी मिलने के बाद से ही 15 अगस्त का लोगों के बीच खास महत्व है.
Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.
Crude Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.