Gold and silver exchange-traded funds (ETFs) saw an extraordinary rise in demand during the calendar year (CY) 2024, driven by higher prices and favourable tax adjustments.
In the first 11 months of CY 2024, investors poured nearly ₹19,000 crore into gold and silver ETFs, compared to ₹9,485 crore in CY 2023, according to data from Amfi.
The rally in gold and silver prices this year was shaped by multiple factors, primarily central bank policies and geopolitical tensions, experts say.
"A range of other dynamics, such as supply-demand imbalances and domestic market conditions, have influenced the price movements of these metals," noted Motilal Oswal Financial Services (MOFSL).
This story is from the December 30, 2024 edition of Business Standard.
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This story is from the December 30, 2024 edition of Business Standard.
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