National News
Assets of MFs in gold ETFs up 95 per cent to Rs 55,677 crore
The sharp rise in gold prices has led to a spike in the assets under management (AUM) of gold exchange traded funds (ETFs). AUM of gold ETFs have nearly doubled in the last one year.Assets of mutual funds in gold ETFs have jumped 95 per cent to Rs 55,677 crore as of February 2025 as against Rs 28,529 crore in the same period of last year, according to data from the Association of Mutual Funds in India (AMFI).
Gold ETFs allow investors to get exposure to gold without physically owning it, tracking the price of gold and trading like stocks on exchanges. They are a convenient and liquid way to invest in gold, since they can be easily bought and sold on exchanges and investors don’t need to worry about storing or insuring physical gold.
Gold ETFs have been increasingly gaining popularity among investors due to liquidity, transparency and global price alignment. With the escalating geopolitical tensions boosting the “safe-haven” appeal of the bullion, investors are preferring to park their funds in Gold ETFs as compared to investing in physical gold as there is no hassle of storing it. Also, there are concerns of purity and theft while investing in physical gold, which is not the case with Gold ETFs, according to ICRA Analytics.
National News
Govt. Doubles Duty Drawback Rates On Gold & Silver Jewellery Exports
The revision comes amid a sharp rise in gold and silver prices over the past two years. Exporters had argued that the existing drawback rates had become inadequate, resulting in lower reimbursement of embedded duties
The Centre has nearly doubled duty drawback rates for select categories of gold and silver jewellery exports to improve exporters’ competitiveness amid rising input costs and global uncertainties. The revision comes amid a sharp rise in gold and silver prices over the past two years. Exporters had argued that the existing drawback rates had become inadequate, resulting in lower reimbursement of embedded duties and putting pressure on their working capital.
The duty drawback for gold jewellery and parts has been increased to Rs.1,851.99 per gram from Rs.773.17 per gram, while the rate for silver jewellery and articles made of silver has been raised to Rs.29,501.09 per kg from Rs.14,990.66 per kg, according to a notification issued by the Department of Revenue on Friday.
The notification does not change the scope of the duty drawback scheme or its eligibility conditions.The revision comes amid a sharp rise in gold and silver prices over the past two years. Exporters had argued that the existing drawback rates had become inadequate, resulting in lower reimbursement of embedded duties and putting pressure on their working capital.
Since duty drawback is intended to refund duties paid on inputs used in export production, the previous rates no longer reflected the actual incidence of duties borne by exporters.
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