Price per 10 gram of gold ended at Rs 39,076 as on December 31, 2019.The investment demand for gold also rose, with inflows reported by gold ETFs and folios. The global uncertainty looming set the focus on the precious yellow metal.In many parts of the world as well, gold ETFs are witnessing positive participation. Trade tensions between the US and China will be a lingering headwind to global economic growth in 2020 regardless of any positive near-term developments as core issues haven’t been adequately addressed in the Phase 1 deal. They are maintaining healthy gold reserves amidst times when global economic and geopolitical uncertainty has heightened.Currently, India holds 6.6% (or 626 tonnes) of its overall foreign exchange reserves as gold. Gold Exchange Traded Funds (ETFs) and/or gold savings funds are smart ways of investing in gold.

Source: Economic Times February 13, 2020 05:03 UTC