Gold ETF - Exchange Traded Funds
There were reports of heavy buying of Gold everywhere on the auspicious occasion of Akshay Tritiya on April 24, 2012.
I thought of checking how did the new channels of buying Gold – Gold ETF and e-Gold performed.
Below is the graph showing turnover of Gold ETFs on Bombay Stock Exchange (BSE) on April 24, 2012.
Also below is the graph showing turnover of these ETFs on April 13, 2012. The volumes of Gold ETFs surged 4 to 100 times. For e.g. Goldman Gold ETF turnover went up to Rs. 11,680 lakhs from Rs. 281 lakhs, a increase of 41 times.
In case of e-Gold and e-Silver traded on National Spot Exchange Limited (NSEL) the turnover was more than 25 times than previous day. Even in case of Silver too the volume surged to 3 times.
Did you buy Gold this Akshay Tritiya? and what was your preferred way of purchasing Gold?
Everyone hates paying taxes and always are on lookout for Options to Save Tax. However…
Are you worried and confused about Lien amount in SBI? Well you are not alone.…
Get details of latest Sovereign Gold Bond Price, Issue details, taxation and how to invest.…
Download the Excel based Income Tax Calculator India for FY 2020-21 (AY 2021-22). This compares…
Piramal Capital & Housing Finance, has come out with Piramal Capital & Housing Finance Ltd…
IIFL Home Loan, the Housing Finance company from IIFL Group has come out with IIFL…
View Comments
Great analysis of the market on akshay tritiya on gold sales. On this day, more amount gold will be purchased by most of them. Thanks for ur analysis.