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In the case of physical gold, the expected returns would depend on the current gold price. For gold ETF, the value would depend on the price of the ETF.
COMEX Gold prices closed marginally down at the start of the week as investors await Fed policy and US Jobs data this week.
Spot gold experienced a 0.2% drop, reaching $2,333.29 per ounce. Similarly, U.S. gold futures showed a decrease of 0.1%, settling at $2,344.60.
The US economic data for Q1 2024, including an annualised 1.6% expansion and a surge of 3.7% in the core PCE price index, has significant implications for gold prices.
Silver price was around ₹69,000-odd levels in the last week of February but they are now trading near the ₹81,000-odd levels.