3 min read Last Updated : Aug 14 2024 | 11:30 PM IST Investments in gold exchange-traded funds (ETFs) rose to Rs 1,337.4 crore in July 2024, the highest since February 2020. After experiencing an outflow of Rs 395.7 crore in April, gold ETFs saw inflows of Rs 2,890.9 crore between May and July.
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked
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The Union Budget 2024 introduced significant changes in the taxation of mutual funds, impacting both short-term and long-term capital gains. Image: Shutterstock Sunainaa Chadha NEW DELHI Union Budget 2024 has introduced several changes to the tax rules for mutual fund investments. Let’s break down what this means for you: Short-Term Capital Gains (STCG) Click here