Gold Prices Near Record Highs as Its Safe-Haven Appeal Lure Investors Amid Middle East Tensions

Gold Prices Near Record Highs as Its Safe-Haven Appeal Lure Investors Amid Middle East Tensions

Tangible assets like gold appreciate over time because they are limited in supply, have universal demand, and are highly exchangeable worldwide. Gold has been seen as a sign of wealth for many centuries. Its intrinsic store of value and negative correlation to stock markets have made it one of the few asset classes that reached … Read more

Gold ETFs see record outflows of Rs 396 crore in April

Gold ETFs see record outflows of Rs 396 crore in April

Gold ETFs witnessed an inflow of Rs 2,920 crore in 2023. The data by AMFI also showed that even as the Rs 396 crore outflow occurred in April, there was an inflow of Rs 373 crore in the preceding month. Gold Exchange Traded Fund (ETF) witnessed a net withdrawal of Rs 396 crore in April, … Read more