Gold ETFs Outperform Equity Funds in January as Demand Surges
Mumbai– In a historic shift, Indian capitalists put even more money into gold Exchange Traded Funds (ETFs) than equity-oriented shared funds in January, according to AMFI information.
- Record Inflows: Gold ETFs saw a record 24, 040 crore inflow, more than dual December’s figures.
- Equity Decline: Equity-oriented funds experienced a 14 % decrease in inflows to 24, 029 crore.
- Rising Gold Rates: Increased demand for gold has actually climbed amidst a weakening United States dollar, reserve bank buying, and worldwide instability.
- Silver rise: Silver ETFs witnessed an internet inflow of 9, 463 crore, with an AUM of 1 17 lakh crore.
