Gold fund asset value rises; new record set on commodity exchange

A new capital market report shows unprecedented growth in the NAV of gold funds; the asset value of these funds is now at a new historical level.

Gold fund asset value rises; new record set on commodity exchange

A new capital market report shows unprecedented growth in the NAV of gold funds; the asset value of these funds is now at a new historical level.

According to the Shahr-e-Bourse, According to the report of the Iranian Stock Exchange , the gold fund market on the Iranian Commodity Exchange witnessed an unprecedented record on December 1, with the net asset value of gold funds exceeding 400 trillion tomans. This unprecedented growth indicates the strengthening of the position of gold-based funds and the growing trust of investors in these transparent and tradable financial instruments.

Advantages of gold funds for investors

Gold funds provide the opportunity to invest in the gold market without the need for physical storage and with minimal capital.
The most important advantages include quick access, adequate liquidity, elimination of physical storage risks, and the possibility of online trading; factors that have increased investor acceptance.

Funds active in the gold market

Currently, 29 gold funds are active on the commodity exchange, and each one provides services to investors in this field with well-known symbols such as:
Negin, Jam, Rose Gold, Golda, Rayton, Zargar, Dorna, Rose, Emerald, Gladis, Zumroud, Karat, Atash, Derakhshan, Zarvan, Lian, Tabesh, Jawaher, Alton, Nab, Ganj, Nafis, Zarfam, Mithqal, Amber, Ayyar, Gohar, Zar and Tala

Asset mix of gold funds
Based on published data, total assets of gold funds include:

415,000 gold coins

21.7 tons of gold bullion

3.4 tons of silver bullion

This asset mix shows that the funds operate on a large scale and with significant backing; an issue that has helped increase investor confidence during periods of market volatility.