Gold ETFs see Rs 451 crore outflow in Jan due to profit-booking - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 9 February 2022

Gold ETFs see Rs 451 crore outflow in Jan due to profit-booking

Gold exchange-traded funds (ETFs) saw the highest-ever repurchase or redemption of Rs 671 crore in January 2022, leading to an outflow of Rs 451 crore. This was primarily driven by rising 10-year Indian government bond yields and expectations of a more hawkish US Fed stance. Redemption or repurchase refers to fund houses buying back ETF units from investors.

from Commodities-Markets-Economic Times
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