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Gold exchange-traded funds (ETFs) witnessed a record inflow of Rs 1,961 crore in October, marking a surge of 59 per cent on a month-on-month (MoM) basis, driven by expectation of increase in the yellow metal prices during the festive and marriage season. This was over two-fold higher than Rs 841 crore inflow seen in October 2023, data with the Association of Mutual Funds in India (Amfi) showed. The inflow helped in raising the assets under management (AUM) of gold funds by 12 per cent to Rs 44,545 crore by the end of October from Rs 39,823 crore in the preceding month. "With the US Fed cutting interest rates by 75 bps (basis points) this year and dollar appreciating, how this is going to impact gold prices globally and investments therein need to be observed," Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said. As per the data, the Gold ETF category witnessed a net inflow of Rs 1,961 crore in October, which was sharply higher t
Inflows in Gold Exchange Traded Funds (ETFs) witnessed a surge in the current calendar year, amid gains in yellow metal prices ahead of Dhanteras. Inflows into these funds have increased by nearly 88 per cent since the beginning of 2024, totalling Rs 1,232.99 crore in September, ICRA Analytics said in a statement. Gold prices advanced Rs 450 to hit another record of Rs 79,350 per 10 gram in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association. Investors are drawn to gold ETFs due to their liquidity, transparency and global price alignment, which remains firm due to geopolitical headwinds. Concerns about physical gold storage, purity and theft have also contributed to the growing interest in such funds, ICRA said. According to ICRA Analytics Senior Vice President and Head Market Data, Ashwini Kumar, the US Federal Reserve's potential interest rate cut in the coming months is further boosting the .
Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi). As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month. The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore. "In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...