 "BSE, sensex, market, shares, stocks, trading, brokers, investment, investors, growth, results, Q, earnings")
Gold ETFs continue to gain traction
Gold ETFs saw inflows of Rs 680 crore in April, taking the year-to-date flows to Rs 2,458 crore. Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields. Concerns over inflation, uncertainty on account of the second wave of Covid-19, and geopolitical tensions in West Asia are expected to support gold in the short term, say analysts. "Gold functions as a strategic asset in an investor’s portfolio, given its ability to act as an effective diversifier, and alleviate losses during tough market conditions and economic downturns," said Himanshu Srivastava, associate director- manager
