look news india
News India Live, Digital Desk: We all have heard from our elders that only gold and silver are useful in times of trouble. In today’s digital age, this is proving true in a new form. Recently, the way the prices of gold and silver have skyrocketed in the international market, those who had invested through ‘ETF’ (ETF – Exchange Traded Funds) have directly benefited from it.
If we look at the latest data, those investing in silver ETFs have seen a huge jump of about 10%. At the same time, gold ETFs have also given a profit of more than 3%. You might be wondering what does it matter 10% or 3%? See, when one has to wait for a year in bank FD or other traditional methods, then this return received in a short time means a lot.
ETFs are essentially like buying gold or silver in digital form. In this, you neither have the fear of jewelery being stolen from home nor do you have to pay any expense for the locker. As soon as the prices of precious metals reached record levels in the market, the value of these ETFs also increased rapidly. Experts say that amid the economic uncertainty around the world, investors are now running towards safe assets, and that is why bullion i.e. gold and silver prices are witnessing tremendous rise.
If you have not invested in it yet, this news will force you to think. Silver is currently shining brighter than gold because the demand for silver in industry and electric vehicles (EVs) is increasing rapidly. However, it is very important to understand the market conditions and fluctuations before making any investment, as prices are at record levels, so it would be wise to proceed with caution.
Have you also invested your savings in gold or silver ETFs? If yes, how do you feel seeing this portfolio shining, do share your opinion with us in the comments.