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Gold exchange-traded funds in India are heading for record inflows, with this year’s purchases already close to $3 billion and translating to about 26 tons of the precious metal, according to a World Gold Council report.
Investments so far in 2025 have almost matched the combined purchases in value terms seen from 2020 to 2024.
The surge follows gold’s climb to an all-time high last month and a rally of more than 50% so far this year on increased central bank buying, geopolitical and economic worries, and the US Federal Reserve’s monetary easing policy.
Gold ETFs in India saw $850 million in inflows in October, slightly lower than the $942 million added a month earlier. Assets hit $11 billion, with gold holdings totaling of 83.5 tons, the data showed.
(By Ashutosh Joshi)