The fund recorded inflows of $1.08 billion, translating into gold demand of 6.6 tonnes. It was the only Indian gold ETF to feature in the global top 10 by flows during the period.
Globally, gold ETF demand remained strong. The top 15 funds attracted cumulative inflows of about $42.86 billion, equivalent to nearly 301.3 tonnes of gold demand, based on data from Bloomberg, company filings, and the World Gold Council.
Funds based in the United States and China continued to dominate global flows, led by large products such as SPDR Gold Shares and SPDR Gold MiniShares Trust.
India, however, emerged as a notable contributor to global gold ETF flows during the period. Despite a relatively smaller ETF market, the country showed strong growth in investor participation, supported by increasing adoption of regulated, exchange-traded gold investment products.
Market participants have used gold ETFs for portfolio diversification and liquidity, avoiding the operational challenges associated with holding physical gold.
Among the global top 15 ETFs, Nippon India ETF Gold BeES remained India’s sole representative, with holdings of 36.2 tonnes of gold.
The fund’s global ranking places it alongside some of the largest gold ETFs worldwide.