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Indian News

Inflow into gold ETFs climbs over 4-fold to Rs 6,900 crore in FY21

The safe haven asset had witnessed net outflows of Rs 412 crore in 2018-19, Rs 835 crore in 2017-18, Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.However, the segment had witnessed an infusion of Rs 1,414 crore in 2012-13.

Over the past few years, retail investors poured more money into equities as compared to gold ETFs, mainly on account of decent returns.

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India records 1,52,879 new Covid-19 cases, highest single-day surge

With 839 new Covid-related deaths in the last 24 hours, the toll in the country has mounted to 1,69,275. Currently, there are 11,08,087 active cases in the country.Five states — Maharashtra, Chhattisgarh, Karnataka, Uttar Pradesh and Kerala — cumulatively account for 70.82 per cent of India’s active COVID-19 cases which have breached the 11-lakh mark for the first time since the outbreak of the pandemic.

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