) MFs offer gold ETFs. Generally, the price of one ETF unit represents approximately one gram of gold. Since these are passively managed funds, the NAV will basically track the price of gold in the open market. Kotak Gold ETF Plan is the best option as it has offered return more than 29% since its launch. Gold ETFs invest in gold and the value of units (Net Asset Value) mirrors the price movement of...
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size="2"> YOGESH MEHENDALE
Mumbai
Nov. 6: Though, the gold ETF’s have given returns of 43 per cent in the past one year, the investors who preferred the world gold funds that invest in the stocks of the gold mining companies have earned more than double — in the range of 87 to 104 per cent in one year.
According to a gold expert the gold mining stocks...
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mixed trend was seen in precious metals today in the opening session, as gold jumped up by Rupees 35 per ten gm while silver declined by Rupees 455 per kg, traders at the Bombay Bullion Association here said.In London and Asian market, gold recorded at 1,040.00/ 1,040.03 per troy ounce and silver at 16.71/16.72 per troy ounce from their previous levels, traders added.Following were the closing rates...
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precious metals today opened low after two days of bouyancy, due to lack of buying enquiries with Silver losing Rupees 350 per kg in the opening and Gold easing by Rupees 155 per ten gm, traders at the Bombay Bullion Association (BBA) said.Similarly, in London and Asian markets, a bearish trend was seen as Gold recorded low at 1,108.10/1,108.12 per troy ounce and silver at 17.35/17.37 per troy ounce,...
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Values of both the precious metals opened firm today with Silver rising by Rupees 125 to Rupees 26,720 per kg and Gold by Rupees 15 per ten gm to Rupees 16,000 on good demand from stockists alongwith positive global cues, traders at the Bombay Bullion Association here said.In London and Asian markets, gold recorded high at 1,045.00/1,047.00 per troy ounce and silver was also advanced at 16.45/16.47...
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Gold zoomed to all time high of Rupees 16,560 per ten gm, surging by Rupees 320, for the third straight day today in the opening session on speculative demand from industrial users along with encouraging global advices, traders at the Bombay Bullion Association said.The same picture was seen in global markets including London and Asian, where gold was quoted up at 1,062.00/1,062.05 per troy ounce and...
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precious metals resumed weak today, as Silver eased by Rupees 430 per kg to Rupees 27,460 and Gold by Rupees 110 per ten gm to Rupees 16,595 from their yesterday's close, owing to sustained heavy selling pressure from industrial users, traders at the Bombay Bullion Association (BBA) said.Similarly, the London and Asian markets tumbled as gold was quoted low at 1,102.00/1,102.02 per troy ounce and silver...
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Values of both the precious metals resumed negative today in the opening session, with Silver easing by Rupees 475 per kg to Rupees 27,400 and the Gold by Rupees 95 per ten gm to Rupees 15,895 on lower buying support from industrial users, traders at the Bombay Bullion Association here said.In London and Asian market, the gold recorded to 1,042.00/1,042.03 per troy ounce and silver to 17.17/17.19 per...
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Gold today opened at a record high of Rupees 16,710, gaining Rupees 45 per ten gm on speculative demand from ornament makers on back of higher global cues, traders at the Bombay Bullion Association (BBA) said.The global markets like London and Asian too sparkled as gold was quoted high at 1,107.00/1,107.02 per troy ounce and silver at 17.75/17.77 per troy ounce from their previous levels, traders added.Following...
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Values of both the precious metals declined in the opening session today with Silver easing by Rupees 15 per kg and the Gold by Rupees 30 per ten gm, on sluggish demand from ornament makers alongwith bearish trend in global market, traders at the Bombay Bullion Association here said.In London and Asian market, the gold recorded to 1,054.00/1,054.03 per troy ounce and silver to 17.69/17.71 per troy...
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