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Why are millennials favouring gold ETFs, bonds over bodily gold

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PR Somasundaram, managing director, India, World Gold Council, stated ETFs have seen comparatively good progress in India after lack-lustre efficiency for a number of years.

Synopsis

According to knowledge from Association of Mutual Funds in India, the variety of folios in gold ETFs elevated by 111.19% final month in contrast with September 2019.

KOLKATA: Millennials on the lookout for a calibrated entry into the secure haven area of the yellow metallic are leaning in the direction of gold trade traded funds (ETFs) and sovereign gold bonds, in response to business executives and fund homes.Nitin Kabadi, head of ETF enterprise at ICICI Prudential AMC, instructed ET, “Millennials is a section which is most comfy being digitally linked and is inclined to transact/make investments electronically on the go. All of those

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