Gold and silver ETFs together constitute 71.9% of total passive fund flows of Rs 19,057 crore, highlighting investors’ growing preference for precious metals as a portfolio diversifier amid global market volatility, according to a monthly note by the Association of Mutual Funds in India (AMFI).
Fed tightening bets weigh on gold prices
Gold prices have taken a hit, influenced by rising oil rates that have sparked inflation fears and suggested further interest rate hikes may be on