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HDFCGOLD

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1d
1w
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Analysis and statistics

  • Open
    86.7565$
  • Previous Close
    85.099$
  • 52 Week Change
    --
  • Day Range
    1.66$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

HDFCGOLD.NSE is the stock ticker symbol for the HDFC Gold Exchange Traded Fund (ETF) listed on the National Stock Exchange of India (NSE). This ETF aims to provide returns that closely correspond to the returns provided by investment in gold, subject to tracking error. It invests in physical gold bullion of standard purity and seeks to track the domestic price of gold. Investors can buy and sell units of this ETF on the NSE like any other stock, offering a convenient and relatively liquid way to invest in gold without physically holding the precious metal.

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Factors

Global Gold Prices: The primary driver is the international gold spot price, influenced by factors like supply, demand, and geopolitical events. HDFCGOLD.NSE aims to mirror these global trends.

Indian Rupee Value: Since gold is priced globally in USD, the INR/USD exchange rate impacts the ETF price. A weaker Rupee makes gold more expensive in INR, increasing the ETF price.

Interest Rates: Higher interest rates usually diminish gold's appeal as an investment alternative, reducing demand and potentially lowering the ETF price. Lower rates can have the opposite effect.

Inflation: Gold is often seen as a hedge against inflation. Rising inflation may lead to increased demand for gold, potentially increasing the ETF price.

Market Sentiment: Investor confidence and risk appetite influence gold demand. Uncertainty drives investors to gold, while optimism might lessen interest in the ETF.

Demand and Supply of ETF Units: The ETF's supply and demand dynamics directly affect its price. Higher demand drives prices up, and increased supply lowers prices.

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