Major fund houses slam brakes on gold ETF inflows ahead of festive season buying
Indian markets moved higher.
· Business Today Mkts
As the world's second-largest gold consumer after China, India relies heavily on imports, which typically surge during the festive period around Dhanteras and Diwali. However, recent trade data highlights a distinct cooling off in physical arrivals.
Market context
- Sectors in the story: Consumer & Retail and Consumer Durables.
Consumer & Retail
1M -4.9% · 3M -9.5%
Consumer Durables
1M -5.5% · 3M -12.4%
Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Reliance Retail Q2 profit falls 24.3%, revenue rises 5.8% to ₹80,220 cr
Sensex rises 308 points, Nifty above 23,000 even as broader markets crash. Will D-Street bulls extend recovery next week?
Godrej Consumer Q2 Review: Brokerages Flag Margin Pressure Despite Strong Volume Growth
Godrej Consumer Shares Fall Nearly 4% After Q2 Results As Margins Come Under Pressure
Godrej Consumer Q2: Net Profit Up 14%, Rs 5 Interim Dividend Declared