Gold and Silver Funds All Rise / 2 Trillion Tomans Flow Into Gold Funds

Rising dollar prices boosted demand for gold funds, drawing nearly 2,000 billion tomans into these funds. At the close of trading, gold funds saw considerable liquidity inflows despite sales per capita outweighing purchases.

According to Ambassador Arjan, the increase in the price of the dollar strengthened the upward trend in the gold market and led to an increase in demand for gold funds. The value of transactions of this group reached 17 thousand 332 billion Tomans and the volume of transactions was recorded at 1.7 billion units.

The most important point of gold fund transactions was the entry of 1,929 billion tomans of money; A number that indicates the investors' acceptance of gold-based instruments. However, per capita sales of 246 million tomans were compared to per capita purchases of 189 million tomans, and the purchasing power was recorded as negative 1.3. In this way, despite the significant cash flow, sales pressure was still evident in daily transactions from the point of view of buying and selling per capita. Due to the growth of the dollar, gold funds became the focus of investors' attention and the inflow of money presented a positive image of traders' desire for this group.

Withdrawal of 116 billion Tomans from silver funds

Silver funds were also affected by the movements of the currency and precious metals market, but unlike gold funds, they could not register a positive cash flow. The value of transactions of this group reached one thousand and 81 billion tomans and the volume of transactions was about 890 million units.

Despite the expected increase in demand following the rise of the dollar, silver funds faced a total withdrawal of 116 billion tomans. Per capita purchase was 67 million Tomans and per capita sale was 94 million Tomans, and the negative purchasing power of 1.39 showed the relative superiority of sellers. As a result, the flow of money in this group was different from gold funds.

The value of fixed income transactions reached 40 hemats

Fixed income funds also had a positive day. The value of transactions of this group reached 40 thousand 504 billion Tomans and the volume of transactions was recorded at 13 billion units.

Per capita purchases in these funds were 261 million tomans and per capita sales were 69 million tomans. Also, the positive purchasing power of 3.78 showed that the purchase per capita was many times higher than the sale per capita. Finally, 2 thousand 476 billion Tomans entered the fixed income funds.

Overall, the dollar's rise was accompanied by significant liquidity inflows into gold funds, but silver funds continued to experience outflows. At the same time, the influx of liquidity into fixed income funds showed that part of the investors are still paying attention to the less risky instruments of the market.