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Why are millennials favouring gold ETFs, bonds over physical gold

Why are millennials favouring gold ETFs, bonds over physical gold
Why are millennials favouring gold ETFs, bonds over physical gold
PR Somasundaram, managing director, India, World Gold Council, said ETFs have seen relatively good growth in India after lack-lustre performance for several years.

Synopsis

According to data from Association of Mutual Funds in India, the number of folios in gold ETFs increased by 111.19% last month compared with September 2019.

KOLKATA: Millennials looking for a calibrated entry into the safe haven space of the yellow metal are leaning towards gold exchange traded funds (ETFs) and sovereign gold bonds, according to industry executives and fund houses.Nitin Kabadi, head of ETF business at ICICI Prudential AMC, told ET, “Millennials is a segment which is most comfortable being digitally connected and is inclined to transact/invest electronically on the go. All of these
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