Tag: Gold investment

Will customs duty cut increase gold demand among investors?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The government, while presenting Union Budget 2021-22, proposed to slash import duties on gold and silver to 7.5 percent from 12.5 percent. However, it also imposed a 2.5 percent cess – a separate tax – on the imports.

After the changes, gold imports would effectively attract a 10.75 percent tax.

With this announcement, Vaibhav Saraf, director, Aisshpra Gems and Jewels believes that demand will get a major boost due to correction in the gold prices following the slash in duties.

Ashraf Rizvi, founder and CEO of Digital Swiss Gold (DSG) and Gilded seconds Saraf’s thoughts and added, “The Union budget was quite positive for the economy and the reduction in import duties will surely increase gold demand relative to 2020. In addition, the pent up demand due to the impact of COVID-19 coupled with the positive effects of large scale vaccinations in India is likely to increase Indian gold demand to levels approaching or even eclipsing that of 2019.”

Also read: Here’s why investing in ‘Sovereign Gold Bond’ may not be right now

Further, Rizvi said his analysis of data from the last 50 years shows that the rupee has lost over 95 percent of its value while savings in bank deposits have barely kept up with inflation.

“We found that the value of rupee has depreciated by over 11 percent y-o-y relative to gold. Gold not being a fiat asset provides investors protection against currency devaluations. As a result of ongoing currency depreciation across the world, gold has been a very good investment for Indians. Gold is a global non-fiat asset that is impacted by economic developments across the world, therefore, it is expected to have some volatility in prices on a daily basis,” he suggests.

It must be noted that the rupee-dollar equation has a role to play in Indian gold rates. Gold is largely imported and hence, if the rupee weakens against the dollar, gold prices will likely appreciate in rupee terms.

Prices of gold will remain in focus till there is complete clarity on the vaccination drive across the world, its efficacy and global economic recovery.

Meanwhile, Ishu Datwani, founder, ANMOL believes that the actual drop in the price is not substantial to really kickstart demand just because of the drop in price – but, because there are weddings, markets opening up businesses doing better, they are seeing consumers flocking to the store to buy jewelry.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Subscription to Sovereign Gold Bonds under tenth tranche ends today; here’s all you need to know about its tax benefits

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The tenth installment (series X) of the Sovereign Gold Bond (SGB) scheme for 2020-21 will close for subscription today. The issue price for the same is Rs 5,104 per gram of the yellow metal. Online subscribers can, however, secure these bonds at a discount of Rs 50 per gram.

SGB is issued by the government, for which investors get a holding certificate. It comprises government securities denominated in gold wherein investors are required to pay the issue price in cash.

The market price of these bond move in line with domestic gold prices.

SGBs earn interest at 2.5 percent on initial investment and have a maturity period of 8 years with an option to exit from the fifth year onwards.

According to Archit Gupta, founder, and CEO, ClearTax, the interest earned in case of SGB is taxed as income from other sources.

In case, the bonds are held to maturity, the capital gains are tax-exempt. However, capital gains are payable on the transfer of SGB like transfer of physical gold or ETF or Gold MF.

“The bonds are traded on exchanges in demat form and redeemable after the fifth year. When sold before maturity, the gains are long-term capital gains and taxable at 20 percent (plus education cess and surcharge). The purchase price can be indexed using the cost inflation index,” explains Gupta.

Considering tax benefit (if held till redemption), SGB can be considered as a preferred investment. Also, 2.5 percent interest can make a big difference to the overall return.

Additionally, with SGBs, investors are not required to worry about the storage of gold as it is in a demat form. Also, there are no local taxes that a buyer needs to pay while buying.

People looking to invest in SGBs can do it via online banking or through their Demat accounts.

To invest through banks, customers will need to log into their net banking account. The bank page will show the SGB option (mostly in investment options). It can also be available on the bank’s home page or under services.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Looking to prematurely withdraw sovereign gold bonds? Here’s all you need to know

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Sovereign gold bonds or SGBs are issued by the government, for which investors get a holding certificate. It comprises government securities denominated in gold wherein investors are required to pay the issue price in cash.

Though the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates. The bond is tradable on exchanges, if held in demat form. It can also be transferred to any other eligible investor.

In case of premature redemption, investors can approach the concerned bank/SHCIL offices/post office/agent thirty days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date, according to Reserve Bank of India (RBI).

The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.

On maturity, these bonds are redeemed in rupees and the redemption price is based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.

The investors are advised one month before maturity regarding the ensuing maturity of the bond.

On the date of maturity, the maturity proceeds are credited to the bank account as per the details on record. In case there are changes in any details, such as account number, email ids, then the investor must intimate the bank/SHCIL/PO promptly.

Meanwhile, the tenth installment (series X) of SGB scheme for 2020-21 is ongoing. The issue price for the same has been fixed at Rs 5,104 per gram of the yellow metal. Online subscribers can however secure these bonds at a discount of Rs 50 per gram. This subscription of bonds will close on January 15, according to the Reserve Bank of India (RBI).

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sovereign gold bonds open for subscription today; should you invest?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The tenth installment (series X) of the Sovereign Gold Bond (SGB) scheme for 2020-21 opened for subscription today. The issue price for the same has been fixed at Rs 5,104 per gram of the yellow metal. Online subscribers can however secure these bonds at a discount of Rs 50 per gram.

This subscription of bonds will close on January 15, according to the Reserve Bank of India (RBI).

SGB is issued by the government, for which investors get a holding certificate. It comprises government securities denominated in gold wherein investors are required to pay the issue price in cash.

The minimum permissible amount allowed for investment in SGB is one gram of gold. The maximum subscription limit for SGBs is 4 kgs for individuals, 4 kgs for HUF, and 20 kgs for trusts and similar entities per fiscal (April-March).

According to Nish Bhatt, Founder & CEO, Millwood Kane International, an investment consulting firm, SGB is one of the favorite routes for retail investors looking to take exposure in gold.

“There is a dual benefit in investing in SGB as investors stand to gain 2.5 percent per annum fixed interest on their investment and the rise in the value of gold once the bond is redeemed,” he opines.

Additionally, with SGBs, investors are not required to worry about the storage of gold as it is in a demat form. Also, there are no local taxes that a buyer needs to pay while buying.

Talking about the performance of gold, Bhatt says that the yellow metal posted double-digit growth in 2020 and it has been trading in a range of Rs 48,000-52,000 for some time now.

“Gold has been trading sideways due to the strengthening of the dollar and higher bond yields in the US which makes buying gold expensive for international investors,” he adds.

Going forward, Bhatt says, a proper handover of the regime in the US with minimum friction, additional fiscal stimulus by the incoming administration at the White House, global economic recovery, and the efficacy of the vaccination process will guide prices of gold.

People looking to invest in SGBs can do it via online banking or through their Demat accounts.

To invest through banks, customers will need to log into their net banking account. The bank page will show the SGB option (mostly in investment options). It can also be available on the bank’s home page or under services.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Should you be investing in gold in 2021?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Gold performed well in 2020 with gains of nearly 28 percent in rupee terms (YTD). This was the second year in a row when gold posted such a stellar rise.

This made many individuals realise that a sensible portion of their investment has to be in this yellow metal.

Now, as we have entered 2021, it is important to see if the yellow metal will continue to remain in focus for investors.

According to Prof Arvind Sahay, Chairperson, IGPC, gold prices still have the scope to increase by 20 to 25 percent in 2021-22.

“As a new normal is yet to be established in the financial markets, there could be some systemic risks looming, which may provide support for higher prices for gold,” he believes.

Ishu Datwani, Founder of ANMOL, seconds Sahay’s views and says that gold will continue seeing a steady and gradual appreciation of prices in 2021.

Snehal Choksey, Director of Shobha Shringar Jewellers, meanwhile, expects gold to reach 2,300 per Oz by the end of 2021.

However, Pranjal Kamra, CEO – Finology, says the same kinds of returns cannot be expected in the coming years.

“The yellow metal delivered stellar returns in the calendar year 2020 but these kinds of returns cannot be expected in the coming years since the economy is expected to revive, given the liquidity infusion by different central banks and the availability of vaccine in the world,” Kamra warns.

Now, with that difference in views, is it a wise idea to invest in gold in 2021 too?

Ravindr Rao, VP- Head Commodity Research at Kotak Securities, believes that it’s always good to invest in gold.

“With the huge monetary and fiscal expansion, concerns about inflation, currency debasement and debt, defaults are increasing and this itself gives investors enough reason to remain invested in gold. The weaker outlook for the US dollar on the back of loose monetary policy stance and worsening virus situation also makes a bullish scenario for gold,” he opines.

Escalating virus situation is proving to be a challenge for the global economic recovery.

Thus, in 2021, Rao expects, the key area of focus will be how soon a large population is vaccinated to help economies reopen and normalise.

“The overall outlook for gold remains bullish for the third consecutive year and investors should remain invested from a diversification perspective,” he suggests.

Additionally, as Kamra says, gold can always be considered as a healthy investment instrument that can be used for hedging.

“Therefore, irrespective of the market conditions, one must invest 5-10 percent of their portfolio in gold without worrying much about the short-term fluctuation,” he advises.

While traditionally gold was exchanged or bought in a physical form and still is, there are certain problems attached to handling physical gold such as storage or chances of theft, purity concerns, etc. Given the problems associated with physical gold, one could invest in gold ETFs, digital gold, or sovereign gold bonds instead.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

How to buy sovereign gold bonds online from SBI? Here’s your guide

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The ninth tranche (IXth) of the Sovereign Gold Bond (SGB) scheme for 2020-21 will close for subscription on Friday i.e. January 1, 2021. The issue price for the same has been fixed at Rs 5,000 per gram of the yellow metal. Online subscribers can, however, secure these bonds at a discount of Rs 50 per gram.

SGB is issued by the government, for which investors get a holding certificate. It comprises government securities denominated in gold wherein investors are required to pay the issue price in cash.

Investors can invest in SGBs through their demat accounts or via online banking. Several banks such as the State Bank of India (SBI) provide the option of buying SGBs online.

Here are the steps to invest in SGB via SBI:

Step 1: Log in to SBI net banking account using credentials

Step 2: After login, click on eServices and go to ‘Sovereign Gold Bond’

Step 3: Check the debit account that is to be used

Step 4: Select ‘terms and conditions’ and click on ‘proceed’

Step 5: Fill the registration form. This is a one-time registration that may require some mandatory inputs

Step 6: Now, click on submit. The purchase form appears which is to be filled by entering the subscription quantity and nominee details.

Step 7: Again, click on ‘submit’

As per RBI instructions, every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s) as the PAN number of the first/ sole applicant is mandatory.

Also read: Here’s what makes SGB an attractive investment

The maximum limit of subscribed will be 4 kg for individuals, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal year (April-March) notified by the government from time to time. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the government and those purchase from the secondary market.

The bonds will be restricted for sale to resident Indian entities including individuals (in his capacity as an individual, or on behalf of a minor child, or jointly with any other individual), HUFs, Trusts, Universities and Charitable Institutions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

4 investment options you can pick this Diwali

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Diwali –the festival of lights- is considered one of the most auspicious occasions. It is believed that any investments made on this day may provide good returns in the future. From gold to mutual funds – there are options galore which can help investors in increasing their wealth.

Here are 4 investment options one can consider:

Gold-related investments

Gold is a common investment for Diwali and Dhanteras. Investments in gold can be made either in physical or a paper/electronic format.

While physical gold involves investing in bullion gold, like bars, coins, or jewelry, the value of which is determined by the actual gold content, digital gold is an easy and convenient way of investing without concerns of purity, making charges, and storage.

Physical gold doesn’t require a demat account, has minimal paperwork, and doesn’t incur additional charges except for GST, but purity, safety, and storage are key concerns.

Also read: 5 financial gifts to give your loved ones

The Exchange-Traded Funds (ETFs), gold mutual funds, and sovereign gold bonds (SGBs) are forms of digital gold that one can consider.

Mutual funds via Systematic Investment Plan (SIP)

This Diwali, investors can also start mutual fund SIPs for long-term wealth creation. SIP is a method of investing a fixed sum regularly in a mutual fund scheme. It allows an investor to buy units regularly on a specific date of the month.

According to experts, investing through SIPs is the best way to invest money in mutual funds for monthly salary earners. The SIP may not be very appealing initially but with time, the investment can grow multi-fold.

Real estate

According to Ram Raheja, director, S Raheja Realty, the Q4 of any calendar year has always witnessed a maximum number of sales in India as many buyers consider the festive season auspicious for property investments. Real estate has also emerged as a preferred asset class as the world was gripped with uncertainty during the pandemic and subsequent lockdown.

It is a stable investment that could give higher returns in the long run.

Investment in equities

Investing in stock markets can also be considered this Diwali. However, it should only be done with a long-term time horizon.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Diwali 2020: Here are different ways to invest in gold this Dhanteras

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Gold buying is considered auspicious during Dhanteras – the first day of the Diwali festival. With the benefits of liquidity, value appreciation, and acting as a hedge against inflation and currency valuation, investing in gold is essential for a well-diversified portfolio. Additionally, investors believe that gold brings financial security to their portfolio.

Investments in gold can be made either in physical or a paper/electronic format.

While physical gold involves investing in bullion gold, like bars, coins, or jewelry, the value of which is determined by the actual gold content, digital gold is an easy and convenient way of investing without concerns of purity, making charges, and storage.

Also read | Diwali Muhurat trading 2020: Here are the key things to know

Here are the details related to different types of gold investing, which investors can consider this Dhanteras:

Physical gold

Physical gold doesn’t require a demat account, has minimal paperwork, and doesn’t incur additional charges except for GST, but purity, safety, and storage are key concerns.

According to Gopal Kavalireddi, head of research, FYERS, it is one of the most sought out options for purchases during auspicious occasions.

“However, with the introduction of more convenient options, investors have restricted physical gold purchases to a minimum,” he opines.

Digital gold

This is another form of investing in gold with other options as gold Exchange Traded Funds (ETFs), gold mutual funds, and sovereign gold bonds (SGBs).

Gold ETFs

In Gold ETFs, as Kavalireddi explains, gold equivalent to physical quantity is deposited in an electronic form, in the purchaser’s demat account.

“These gold ETFs are traded on stock exchanges, similar to shares of any listed entity, making it convenient for an investor with a demat account. Liquidity without any lock-in period or exit loads are additional advantages. Gold ETFs qualify for long-term capital gains if held for a year or more,” he explains.

Gold ETFs are accepted as collateral for loans in financial institutions.

“The minimum investment in Gold ETF is 1 unit (equivalent to 1 gram) and involves brokerage or commission charges of 0.5 to 1 percent. Gold ETFs are fast gaining popularity, with investors putting in close to Rs.6350 crore in CY2020,” Kavalireddi elaborates.

Gold mutual funds

Gold mutual funds are open-ended funds that invest in gold ETFs or in shares of gold mining companies. Regulated by Sebi, an investor can invest as low as Rs 500 (through a systematic investment plan) or any amount greater than Rs 5,000 as lumpsum.

“Gold mutual funds are ideal for passive investors looking to build wealth through a systematic savings mechanism with smaller savings. However, these mutual funds attract exit loads if units are redeemed within the predefined lock-in period,” Kavalireddi says.

Sovereign Gold Bonds (SGBs)

Sovereign Gold Bonds (SGBs) are issued in tranches by RBI on behalf of the government of India. These bonds are ideal for investors with a long-term horizon, as the maturity period of the bonds is 8 years.

Redemption is possible after five years from the date of issuance. The bond will be tradable on stock exchanges if held in demat form and can also be transferred to any other eligible investor. In addition to capital appreciation, investors are paid 2.5 percent guaranteed interest on an annual basis.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Gold: A ‘must’ have asset in a portfolio

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Authored by Nitin Kabadi

The epitaph of gold as a long-term investment option has been written quite often and it has faced intense mockery too from some doyen of the investment world. For instance, now turned optimistic– Warren Buffet had once perceived that gold is a useless metal.

Contrary to the perception of skeptics, Gold has been able to maintain its shine by generating long-term positive returns in both good as well as bad times, in periods of inflation as well as deflation.

Looking back at almost half a century, the prices of gold have risen by an average of 10 percent per year, since 1971, when the iconic treaty of Bretton Woods collapsed where it linked the supply of dollars with the amount of gold in the coffers of the US central bank. In the last twenty years, gold has outperformed all asset classes ranging from the US bond to the stocks, developed market equities to the major commodities.

Few global studies now suggest that adding 2-10 percent of gold to the US-dollar based portfolio results in a sizable improvement in the performance on a risk-adjusted basis.

Indian’s Allocation to Gold Relatively High

The affinity of an Indian towards gold can be gauged from the fact that the country is the world’s largest holder of the yellow metal.

According to the World Gold Council, India is estimated to have accumulated up to 25,000 tonnes of gold till date. In India, an average monthly per capita expenditure on gold and jewelry is Rs 494 in urban households and Rs 233 in rural households. This accounts for nearly 23 percent of the households’ durable purchases.

Gold Investment: From Physical to Digital

The exposure of gold in the investment basket has been primarily limited to physical gold so far. The risk of keeping physical gold safe along with the steps taken by the government to discourage physical buying in order to reduce import dependence has pushed investors to look at an electronic way of taking exposure to the yellow metal.

The virtual mode of investment includes Gold exchange-traded funds, e-gold and sovereign gold bonds. Electronic investment has drawn investors’ attention to affordability. As a result, investors with small denominations too can now purchase e-gold (Paytm is offering SIP of as low as Re.1 per day).

Why Gold ETF Scores Over e-Gold?

A closer analysis shows that the virtual investment through Gold ETF scores over the e-gold format. Sovereign gold funds have a lock-in period of 5-years, therefore when looked at from the liquidity perspective, ETF and E-gold are the only alternatives for an investor looking at virtual investment.

The biggest comfort for adopting an ETF route is the presence of a regulator, it ensures the safeguarding of investors’ interest. The market regulator Securities and Exchange Board of India (SEBI) ensures that the statutory audits are followed and timely checks and balances are done. The intensive scrutiny and oversight by the regulators allay the biggest fear of a gold investor — purity of the metal.

In addition, an e-Gold investor had to bear the burden of an additional 3 percent goods and services tax (GST), which is similar to buying physical gold. Meanwhile, the GST levied while buying gold through ETF is not only credited back but is also ploughed back to the fund value.

Another hitch for an e-Gold buyer is storage charges. It is levied if an investor holds the product for more than two years. Also, digital gold products typically have the maximum holding period for taking delivery of gold or an investor needs to sell it back. This arrangement limits the investment period. In order to keep a digital e-gold account active, one needs to do at least one transaction every six months. All of these factors make a major dent in the attractiveness of e-Gold. On an operational cost comparison basis, as well, e-gold turns out to be much more expensive when compared to the gold ETF.

Gold ETFs Gaining Prominence in India

The growing interest for the Gold ETF can be gauged from the fact that this category has witnessed inflows of Rs 4,464 crores in the last six months when the retail demand remained insipid. As a result, the asset under management of the Gold ETF rose to Rs 13,589 crore at the end of September 2020 compared with Rs 7,949 crore in March 2020.

The growth in the gold ETF is mirroring the global market trend, where the gold ETFs have recorded their tenth consecutive month of net inflows, taking its holdings universe to a fresh new all-time high of 3,880 ton and $235 billion in AUM. Globally, the Gold ETFs account for 35 percent of the total gold demand as compared with 8 percent seen a decade ago.

Nitin Kabadi is Head ETF Business, ICICI Prudential AMC. Views are personal

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow