Gold Exchange Traded Funds saw 86% rise in July | Arriba Trends

Gold Exchange Traded Funds saw 86% rise in July

Gold

Amidst COVID-19, where other things are seen dull, an enormous growth is seen in the price of the yellow metal (Gold). The economic growth is rapidly growing, due to the increase in the number of investors allocating in gold exchange-traded funds.  If we look at the graph, since January, 41.6% rise is seen in the prices of Gold. In the month of July, the gold exchange-traded funds saw the increase up to 86% i.e. the net inflow was Rs 494.23 crore in June and reached to Rs.Rs 921.19 crore in the month of July. According to the Association of Mutual Funds in India (AMFI) data, on gold ETF’s, the first seven months of the year experienced the net inflow of Rs 4,451.9 crore.

Read More at Financial Express

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