Data released by the Association of Mutual Funds in India showed assets under management of gold ETFs at Rs 9,612 crore in June, down 20% from their January peak of Rs 12,057 crore.
Gold ETFs saw a net outflow of 206 crore in June because of profit booking amid concerns of a further decline in gold prices. Analysts say the US Federal Reserve's plan to taper down its quantitative easing programme also contributed to the sell-off in gold funds, adding that gold prices in the near term will remain hostage to incremental positive data from the US.
Read more...
Join Amazon Prime - Watch Over 40,000 Movies
SilverGoldBull is a highly trusted silver & gold dealer. They will provide you with reasonable, up-to-minute prices and they will make sure your gold and silver is delivered to your door discreetly and safely.
ReplyDelete