Gold prices bounced back on the bullion market on fresh stockists demand triggered by smart rise in the international markets.
Silver also firmed up further on sustained industrial demand coupled with higher global advices.
Standard gold (99.5 purity) recovered by Rs 90 per ten grams to Rs 8,825 from Rs 8,735 yesterday.
Read more in Financial Express
Benchmark Asset Management Company, a Mumbai-based mutual fund house, has listed India's first gold exchange traded fund (GEFT) - Gold BeES - on the National Stock Exchange in Mumbai today.
Listed at Rs 950 per gram BeES soon gained momentum with the price surging to Rs 1104 but due to profit booking slumped to Rs 947 within an hour of the launch. Allotment price, however, remained at Rs 945.7 per gram.
The trading unit for BeES has been fixed at one gram with a tick size of one paise. This instrument offers only trading in and holding of gold in DEMAT account and not the physical delivery of gold.
Read more at Business Standard
