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Should you redeem gold ETFs?

Posted on 13 November 2013

With domestic gold prices on the rise, there has been an increase in redemptions of gold exchange traded funds (ETF) in recent times. But it is not the time to exit the yellow metal just yet, as prices are likely to remain firm on the back of a weak rupee, say experts.
Domestic gold prices are rising on the back of a weak rupee and are currently hovering around Rs 30,845 per 10g. This has seen gold ETFs post a return of 8.34 per cent on average over a six-month period, according to data from Value Research Online………………………………………..Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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