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Gold ETF And E-gold Turnover on Akshaya Tritiya:


As expected there was a huge turnover in Gold market on the day of Akshay Tritiya..whether it was jewellary shop,Indian post or nationalised banks everywhere there was a que.

There was also increse in overall turnover of Gold ETfs.Today we will take a brief look at turnover achieved by different Gold ETFs in India.

Following is the volume comparision of different Gold ETFs traded on the day of akshay tritiya.

dyerware.com

 

 

Higher turnover was also seen at National Spot Exchange.

Below is the comparison of total number of Units of Gold ETF traded Vs Total volume at NSEL E-gold in terms of Grams.

dyerware.com

One thing we need to understand is that higher volume means not necessarily higher returns.Returns depends upon other number of factors.Total volume of ETF traded was nearly 22 lakh units which was nearly 20 lakh last year and I think is an indication of Growing awareness among the investors.


Category: Mutual Funds

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