Dollar Drop Pushes Gold and Silver Funds Into Negative Territory / 1.1 Hemmat Flows Into Fixed-Income Funds

Today's drop in the dollar price reduced demand for gold and silver funds, and all funds in these two groups fell in price. The decline in these markets was about 1 to 2 percent, while gold funds recorded more than 500 billion tomans in outflows.

The drop in the price of the dollar in today's transactions reduced the demand for gold and silver funds, and all the funds of these two groups faced a price drop. The severity of the drop in these markets was about 1-2% and at the same time, gold funds experienced more than 500 billion tomans of money withdrawal.

According to Ambassador Arjan, gold funds faced a drop in demand today under the influence of the drop in the price of the dollar. Stopping the upward trend of the currency and reducing its rate put pressure on the attractiveness of these funds, and finally all gold funds ended their transactions in the negative range. The rate of price drop in this group was about 1 to 2 percent.

The volume of transactions of gold funds reached about 1.2 billion units and the value of transactions was recorded at 11,604 billion tomans. Per capita purchases in this group were 101 million tomans and per capita sales were 239 million tomans. Purchasing power was also recorded at -2.36, which indicates the noticeable superiority of the selling side.

In the cash flow section, gold funds faced 536 billion tomans of money withdrawal. This figure shows that the drop in the price of the dollar was accompanied by a drop in demand and the outflow of liquidity from these funds.

The silver boxes were also covered in red

Silver funds were also affected by the drop in the price of the dollar, and all funds in this group were in the negative range. The price drop in silver funds was also about 1-2% and the decrease in demand put pressure on the transactions of this group.

The trading volume of silver funds was about 580 million units and the value of their transactions was 725 billion tomans. Per capita purchases reached 40 million Tomans, while per capita sales were recorded at 78 million Tomans. The purchasing power was also -1.93, which shows the superiority of sellers.

At the end of the transactions, the silver funds registered about 20 billion tomans of money; Therefore, despite the drop in prices and the superiority of sales pressure, the cash flow of this group remained slightly positive.

Inflow of 1.2 thousand billion tomans to fixed income

On the other side of the market, fixed income funds were accompanied by liquidity inflows. The value of transactions of this group reached 39 thousand 887 billion tomans and the volume of transactions was also recorded around 13 billion units.

The per capita purchase of fixed income funds was 204 million tomans and the per capita sale was 165 million tomans. Purchasing power was recorded at 1.23, which indicates the superiority of the buying side.

Finally, fixed income funds experienced an inflow of 1,168 billion tomans. In this way, the decline of the dollar and the drop of 1-2% in gold and silver funds was accompanied by the outflow of liquidity from gold funds and the entry of money into fixed income; However, silver funds recorded limited money inflows, contrary to the price trend.