The drop in gold prices, amounting to ₹1,130 per 10 gram since the beginning of this month, has uplifted sentiments leading to a potential revival of sluggish jewellery sales and increased demand for digital gold this Dhanteras. Gold prices have fallen to ₹60,240 per 10 gram on Friday from ₹61,370 logged on October 31 as concerns over the US slipping into a recession eased on positive economic data. Gold ETFs shineBesides coins and bars, digital gold, especially in the form of exchange traded funds, has drawn huge traction for sheer convenience. Gold ETFs function as electronic representations of physical gold, securely stored in demat accounts. Also read: Gold ETFs add more glitter this Dhanteras!

Source: The Hindu November 11, 2023 22:02 UTC