It is a fact that Indians bought jewellery in India last year equivalent to the total FII investment flow and that the total gold demand in India at US $38 Billion outpaced the total revenue of all domestic auto companies, estimated at US $ 35 Billion. Also it is important to note that 9% of India's household savings went into gold investments, which is interesting.
We are sure you would like the report (Click here to download the report)
After Banks's turning India's biggest Jewellers in terms of gold sales, Gold ETFs are likely to shape up into a large asset class on their own.
At HDFC securities, we have over the last two years encouraged customers to make investments into gold via Gold ETF's and they have benefitted immensely with returns of 20.1% in just the last year.
If you have'nt started a Gold ETF yet, it may be time to get in touch with us and we can set up a Monthly automatic SIP in Gold for you. To know HDFC securities automatic SIP click here.
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