India clocks record gold ETFs at $850 mn

India clocks record gold ETFs at $850 mn
X

Taking total to all-time high of $3.05 bn in 2025 so far

Mumbai: India’s gold exchange-traded funds (ETFs) saw $850 million in net inflows in October, taking the total to a record $3.05 billion in 2025 to date -- the highest-ever for a single year, according to the World Gold Council (WGC) data.

October inflows were approximately 6 per cent lower than September's $911 million, but it marked the second-largest monthly inflow in Asia.Continued positive flows for the fifth consecutive month took the assets under management (AUM) to $11.3 billion, as per the data.

Overall, global gold ETF inflows reached $8.2 billion in October, placing the bullion market set to achieve one of its strongest years on record.India ranked third globally in ETF inflows during October, following the US with $6.33 billion and China with $4.51 billion. Japan followed India with $499.5 million of inflows, while France recorded $312 million.

Meanwhile, several European markets saw outflows, led by the UK with $3.5 billion, followed by Germany and Italy.Global gold ETFs' total AUM rose 6 per cent month-on-month to $503 billion by the end of October, with total holdings up 1 per cent at 3,893 tonnes.

The price of 10 grams of 24-carat gold slipped to Rs 1,20,231 on Friday, according to data published by the India Bullion and Jewellers Association (IBJA), amidst renewed interest in profit booking.“Technically, gold’s key make-or-break level stands at $3,855, while silver is defending the $46.70 support zone.

Next Story
Share it