New Delhi, March 12 (IANS). Investors’ interest in India has increased rapidly in Gold Exchange Traded Funds (Gold ETF). Net inflow in February stood at Rs 1,979.84 crore. This information was given on Wednesday by the Association of Mutual Funds in India (Amphi).
Earlier in February 2024, the investment in Gold ETF was Rs 997.22 crore, which shows an increase of 99 percent in ETF inflow on an annual basis.
Net inflow in Gold ETF in India has been positive for the 10th consecutive month due to global economic instability and stock market fluctuations.
Gold ETF assets under management have been Rs 55,677.25 crore due to the increase in gold prices.
Gold ETF AUM was Rs 28,529.88 crore in February 2024, which was Rs 51,839.39 crore in January 2025.
Market analysts believe that the increasing demand for gold ETFs is the ongoing decline in equity markets and global uncertainty.
Investors are turning to safe-boxing such as gold, which historically provided stability during the market fall. Gold prices in India increased by 4 percent in February, making it a more attractive investment option.
In the entire calendar year 2024, the Gold ETF in India recorded a total net flow of Rs 11,266.11 crore, which is more than three times than Rs 2,923.81 crore in 2023.
Gold ETFs saw a strong flow in the Gold ETF for the second consecutive month on the global front.
According to the World Gold Council (WGC), Gold ETFs worldwide watched a net flow of $ 9.4 billion in February, which is the most monthly growth since March 2022.
The total holding of Gold ETFs increased by 99.9 tonnes, leading to Gold ETF’s global AUM record to $ 306 billion by the end of February.
The global demand for gold has risen due to trade tension and concerns about weak US dollar. In February, gold prices increased by 1 percent and Indian rupee by 4 percent in February.
-IANS
ABS/
