Gold ETF and e-Gold Turnover on Akshay Tritiya

There were reports of heavy buying of Gold everywhere on the auspicious occasion of Akshay Tritiya on April 24, 2012.

I thought of checking how did the new channels of buying Gold – Gold ETF and e-Gold performed.

Below is the graph showing turnover of Gold ETFs on Bombay Stock Exchange (BSE) on April 24, 2012.

Gold ETF Turnover (Rs. Lakhs) on Akshay Tritiya

Also below is the graph showing turnover of these ETFs on April 13, 2012. The volumes of Gold ETFs surged 4 to 100 times. For e.g. Goldman Gold ETF turnover went up to Rs. 11,680 lakhs from Rs. 281 lakhs, a increase of 41 times.

Gold ETF Turnover (Rs. Lakh) on April 13, 2012 at BSE

In case of e-Gold and e-Silver traded on National Spot Exchange Limited (NSEL) the turnover was more than 25 times than previous day. Even in case of Silver too the volume surged to 3 times.

E-Gold & e-Silver Turnover (Rs. Lakhs) on Akshay Tritiya

Did you buy Gold this Akshay Tritiya? and what was your preferred way of purchasing Gold?

One thought on “Gold ETF and e-Gold Turnover on Akshay Tritiya

  1. Great analysis of the market on akshay tritiya on gold sales. On this day, more amount gold will be purchased by most of them. Thanks for ur analysis.

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