Markets CLOSED 28-Nov-2012 Wednesday Gurunanak Jayanti (tomorrow)
27 November 2012
SGX Nifty 5,669.00 +46.50 ; Markets go UP today
SGX Nifty 5,669.00 +46.50 ; Markets go UP today
8:15 AM India time at Singapore Exchange
27 Nov 2012
8:15 AM India time at Singapore Exchange
27 Nov 2012
Investment Focus: Buy gold ETFs :: Business Line
The rally in the equity market has led to modest returns from gold so far this year. Global gold prices have gained barely one per cent year-to-date and corrected 10 per cent from their highs of last year.
This may be a good opportunity for Indian investors to add some gold exchange traded funds (ETFs) to their portfolios. Investors can park up to 10 per cent of their portfolio in gold to diversify against risks such as a stock market fall, rising inflation and a weak rupee. Gold prices rarely move in tandem with other assets such as stocks, bonds or even commodities.
Having said this, the argument for buying gold ETFs today is threefold.
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