News for IDBI Gold ETF (IDBIGOLD.BO)

Most of the gold funds offered around 19% in the last one year. Will they continue to offer great returns in the coming months or year?

Gold and silver ETFs have been regarded as the finest investment option in times of crisis and uncertainty like it is doing now. These two commodities funds have recently attracted the attention of mutual fund investors.

Gold ETFs are similar to stock exchange-traded funds in that they allow you to acquire shares of a firm. ETF helps you to diversify your investment portfolio. As Gold ETFs invest in as invest specifically in the yellow metal, it lowers your dependence on the industry. And because of its gold pricing, there is complete transparency on the holdings of an ETF.

Gold ETFs buy gold of at least 99.5 percent purity according to LBMA standards.

Net Interest Income (NII) at Rs 1,853.65 crore in September 2021 up 9.35% from Rs. 1695.13 crore in September 2020. Quarterly Net Profit at Rs. 567.12 crore in...