New Delhi, Oct. 10 -- Gold prices have been rising continuously, touching new all-time highs repeatedly. If you want to invest in gold, you could consider investing in gold ETFs besides buying physical gold.
Given the spike in gold prices, gold ETFs witnessed a significant surge in inflows, reaching Rs.8,363 crore in September compared to Rs.2,189 crore in August.
Wealth advisors often urge investors to buy virtual gold over physical gold, especially when the goal is to ride the rally, instead of using it as jewellery. On 10 October, the gold rate in Mumbai is around Rs.1.24 lakh (24 carat) and Rs.1.13 lakh (22 carat). As they say, a rising tide lifts all boats; stocks of gold loan companies are riding high as the prices of this preciou...
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