Date:29/02/2008 URL: http://www.thehindubusinessline.com/2008/02/29/stories/2008022952771700.htm

Back Quantum Gold ETF makes debut on NSE

Our Bureau

Mumbai, Feb. 28 Quantum Mutual Fund, a Mumbai-based mutual fund house, today listed its Quantum Gold Fund, the country’s fifth gold Exchange Traded Fund (ETF) on the NSE.

It made its debut at Rs 680 a unit, a rise of Rs 87.15 over its allotment price, which is also the highest price at which it traded during the day.

It touched a low of Rs 600 before closing the day at Rs 610.37. It made a total turnover of Rs 67.82 lakh on the NSE during the day.

Of the already listed gold ETFs on the NSE, the Gold Benchmark ETF was up by 1.23 per cent, Kotak surged 5.36 per cent and Reliance was up 1.36 per cent, whereas UTI’s Gold ETF declined 3.53 per cent to end the day at Rs 1,226.81.