With domestic gold prices sliding following the sharp cut in Customs duties announced in the Budget, the net asset value (NAV) of gold exchange-traded funds (ETFs) took around a 5 per cent hit on Tuesday. However, data shows investors avoided any knee-jerk reaction.
The assets under management (AUM) of gold ETFs, which stood at 34,868 crore on Monday, declined 5.2 per cent to €33,155 crore on Tuesday. Adjusted for the mark-to-market losses (decline in NAV), the AUM is almost unchanged. On the National Stock Exchange, gold ETFs were trading at a premium to NAV on Tuesday, at least in the latter part of the session.
هذه القصة مأخوذة من طبعة July 25, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 25, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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