Finshots Daily What’s cooking with Gold ETFs in India?
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Jan 10, 2025 Investors in India are flocking to gold exchange-traded funds (ETFs) for their convenience and potential benefits. The podcast explores the factors fueling this growing trend, including the challenges and strategies involved in investing in gold ETFs. It highlights how market dynamics are influencing this popular investment choice and why it might be a smart play for many.
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Investing in Gold ETFs
- Consider gold ETFs as a convenient, accessible way to invest in gold.
- They're like digital slices of gold bars traded on stock exchanges, eliminating the need for physical storage.
Gold ETFs Popularity in India
- Indians are increasingly investing in gold ETFs; holdings have doubled in four years.
- Investments and trading volumes have also skyrocketed, with gold delivering solid returns.
Reasons for Increased Gold ETF Investment
- The 2024 Union Budget reduced the holding period for long-term capital gains on gold ETFs to 12 months.
- This tax efficiency, along with market uncertainties and lower interest rate expectations, has boosted gold's appeal.