Gold ETFs See 47% Drop in Inflows Despite Record Prices; UTI Gold ETF Leads with 3.70% Returns

Gold Exchange Traded Funds (ETFs) in India experienced a significant decline in inflows during February, dropping by 47.22% to Rs 1,979 crore, despite soaring gold prices. This decrease is attributed to investors seizing profit-taking opportunities and shifting focus to the equity markets. Nevertheless, there was a substantial 99% increase in inflows compared to the previous year. UTI Gold ETF emerged as the top performer in February, delivering returns of 3.70%. Gold continues to be a vital component for portfolio diversification, especially in times of global uncertainty. The Assets Under Management (AUM) for Gold ETFs witnessed a 7% growth, reaching Rs 55,677 crore, highlighting the enduring appeal of gold investments among Indian investors.

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