 "Gold ETFs see modest inflows of Rs 205 crore in March, shows data")
Gold ETFs saw modest inflows of Rs 205 crore in the month of March after two consecutive months of outflows. The Russia-Ukraine war, inflationary pressures, and the impending rise in interest rates are expected to weigh on the global economy.
This may prompt investors to allocate some money to the yellow metal which is seen as a safe haven in times of uncertainty, according to experts. In financial year 2021-22, gold ETFs saw inflows to the tune of Rs 2,540 crore, with outflows in three months.
The category’s net assets under management at the end of March stood at Rs 19,280 crore. In the last one year, gold prices have firmed up 12 per cent in rupee terms to Rs 53,400-levels.
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