Gold has touched a seven month high of over USD 960/oz today. In terms of the depreciating rupee, it has depreciated over about 25% in the past one year. Internationally gold has become a safe haven in terms of the global economic environments. Therefore, demand has increased and is driving prices higher.
On the whole, Gold ETFs are definitely benefiting. So it’s a definite contradiction against Sensex, which has depreciated around 50% since the past one year.
- Gold ETFs 1-year Returns
- Reliance Gold ETF +25.8%
- Gold BeEs +24%
- UTI Gold ETF +27%
- Kotak Gold ETF +23%
- Quantum Gold ETF +18%
