Quote on Gold : Gold ETFs have shone bright again as they attracted a robust inflow of Rs103 crore in May Says Jateen Trivedi, LKP Securities
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Below the Quote on the Gold ETF inflow in May from Jateen Trivedi, VP Research analyst at LKP Securities.
Gold ETFs have shone bright again as they attracted a robust inflow of Rs103 crore in May, reflecting investor confidence in the precious metal's stability since prices have stability near 60000 and hedging properties. As economic uncertainties persist due to recession fears along with inflationary pressures, investors continue to seek the safety and diversification benefits offered by gold ETFs. With a positive outlook for gold prices amid global economic challenges, these investment vehicles are likely to remain an attractive option for investors looking to protect and grow their wealth in the times ahead.
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