Chirag Mehta, fund manager (commodity) Quantum AMC believes once investors learn more about the advantages of ETFs, they will prefer the ETF route of investing.
Chirag Mehta, fund manager (commodity) Quantum AMC expects gold demand through the exchange traded funds (ETFs) to rise, now that the price of gold has moderated a bit.
Speaking to CNBC-TV18, Mehta says a lot of investors who were earlier on the sidelines are now likely to park their funds in the asset class.
"The import duties were very high, to the tune of 10 percent and the premiums were anything between 2-12 percent. Now that the premiums too have fallen, more people may get attracted to it," adds Mehta.
The central bank on Wednesday eased certain gold import norms resulting in lower premiums. An expert said that premiums have fallen to as low as USD 30 from USD 80.
But if gold prices fall further, wouldn't retail investors buy more physical gold?
Mehta says no. He believes once investors learn more about the advantages of ETFs, something that has started to happen, they will prefer the ETF route of investing.
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