News for Kotak Gold Exchange Traded Scheme (KOTAKGOLD.NS)

Gold prices after phenomenal gains of over 20 percent during the last year have been retreating lower since the beginning of 2021 owing to gains in the US treasury yield which led the dollar higher as more people flocked to the greenback to buy those bonds.

The exchange-traded fund ticks all boxes as an efficient tool to track gold prices

Equity and equity-oriented schemes witnessed a net outflow of Rs 10,147 crore in the month of December, taking the total cumulative outflow Rs 33,057 crore in second half of CY 2020.