With this, the year-to-date inflow in the category has reached more than Rs 1,400 crore, data with the Association of Mutual Funds in India (Amfi) showed.
"As the end to the Fed s tightening cycle is now coming close, prospects for gold are looking good. The metal has held its ground despite US yields and the US dollar being on an upward trajectory lately. A potential US recession, central bank gold buying, geopolitical tensions, rising US debt levels are all supporting interest in the precious metal," Ghazal Jain, Fund Manager - Alternative Investments at Quantum Mutual Fund, said.
Demand for gold is expected to reach pre-Covid-19 pandemic levels in 2022 aided by higher savings, increased mobility and stable price levels, said Chirag Mehta, Senior Fund Manager-Alternative.
Demand for gold is expected to reach pre-Covid-19 pandemic levels in 2022 aided by higher savings, increased mobility and stable price levels, said Chirag Mehta, Senior Fund Manager-Alternative Investments at Quantum Mutual Fund.Pent-up demand .
Demand for gold is expected to reach pre-Covid-19 pandemic levels in 2022 aided by higher savings, increased mobility and stable price levels, said Chirag Mehta, Senior Fund Manager-Alternative Investments at Quantum Mutual Fund. Pent-up demand for gold started in 2021. 📰 Gold Demand Likely To Reach Pre COVID-19 Levels in 2022, Says Quantum MF.