In a statement released on Monday, Quantum AMC said the gold price correction from its peak has made the metal affordable this holiday season.
“To get the most out of the correction, we recommend investing in efficient products such as gold ETFs (exchange traded funds) to maximize benefits,” Quantum AMC said.
Owning physical gold comes with additional costs, such as incurring fees, store premiums, storage issues, and a lower redemption value.
On the other hand, gold ETFs are highly liquid, incur no fees and provide exposure to insured pure gold.
Also, buy-sell spreads are tight, making ETFs price efficient.
The rise in US interest rates and the likelihood of the aggressive stance of the
“The current period of gold weakness may continue until there is more concrete information on the state of the economy in major economies, especially against the background of an aggressive trade-off of central banks that is unfavorable for growth and promoting stability,” Emk ay noted. Global on. .
In general, gold is considered a hedge against inflation, but this time it doesn’t seem so.
ALSO SEE:
PVR reports net loss of ₹71.23 crore in Q2, attributes it to Bollywood, Hollywood flops
Rupee drops 19 paise to 82.38/USD as foreign outflow weighs on investor sentiment