look news india
New Delhi: Amid a record rise in gold prices, domestic investment in gold exchange-traded funds hit a record high in October last month. Investors’ enthusiasm towards gold ETFs can be gauged from the fact that except April, investment has increased in the remaining 9 months of this year.
According to data from the Association of Mutual Funds in India (AMFI), during October 2024, a total of 18 gold ETFs (gold exchange traded funds) in the country will invest Rs. There was a net investment of Rs 1,961.57 crore, which is 133 percent more than the same period last year.
During the same period last year, a total of 13 gold ETFs in the country had only Rs. There was a net investment of Rs 841.23 crore. If compared with last month i.e. September, there has been an increase of more than 59 percent. In Gold ETF during September 2024 Rs. There was a net investment of Rs 1,232.99 crore.
Thus, during the first 10 months (January-October) of the calendar year 2024, a total of Rs. There was a net investment of Rs 9,329.23 crore. Whereas in the first 9 months of the calendar year 2023, Rs. Net investment of Rs 2,498.13 crore was recorded.
According to experts, due to the possibility of no further series of sovereign gold bonds being launched and changes in tax rules, people are investing heavily in gold ETFs. The increasing popularity of gold ETFs among investors during Dhanteras also helped investments in gold ETFs reach record levels during October. According to data, the trading volume of gold and silver ETFs on NSE has increased 5 times this year as compared to the last Dhanteras.
During calendar year 2023, gold ETFs in India will be priced at Rs. There was a net investment of Rs 2,923.81 crore. Which is 6 times more than the calendar year 2022. During calendar year 2022, 11 gold ETFs totaling Rs. An investment of Rs 458.79 crore was made.
Invest/Withdraw in Gold ETFs in 2024
large scale investment
Mass
investment
october
+1,961.57
September
+1, 232.99
august
+1,611.38
july
+1, 337.35
june
+726.16
May
+827.43
april
– 95.69
march
+373.36
february
+657.46
January
+997.22
Mass
investment
october
+1,961.57
September
+1, 232.99
august
+1,611.38
july
+1, 337.35
june
+726.16
May
+827.43
april
– 95.69
march
+373.36
february
+657.46
January
+997.22