Sensex Today | Stock Market LIVE Updates | Investors interest in Gold ETFs surges; attract Rs 841-cr in Oct
Investors flocked to Gold Exchange Traded Funds (ETFs), which are considered a safe haven during uncertain times, and put in Rs 841 crore in October, way higher than Rs 175 crore in the preceding month. Apart from the inflows, the asset base of Gold ETFs also surged in the period under review, as per data from the Association of Mutual Funds in India (Amfi).
Meanwhile, pre-Diwali Dhanteras buying of gold and silver in India, the world's largest gold consumer, kick-started on a positive note on Friday on recovery of consumer demand with the softening of gold prices.
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