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Millennials prone to drive digital gold demand throughout Diwali

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Spot worth of gold was Rs 52,473 per 10 gm on Friday. Gold had hit a file excessive of Rs 56,191 per 10 gm mark in early August.

Synopsis

Due to flight to security or high quality, gold costs have risen by over 30% from 2019 ranges.

KOLKATA: Digital gold is predicted to get a push this Diwali, led by investments from millennials preferring to deal with gold as a monetary instrument and never one thing that can lie idle within the lockers, fund homes, monetary advisors and jewellers mentioned. Gold exchange-traded fund (ETF) and gold fund of funds (FoF) have seen good momentum this 12 months with millennials displaying elevated curiosity in the direction of digital gold and the pattern is prone to

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