Gold ETF flows shrink despite superior returns, shows Amfi data

Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half

Net investments in gold exchange traded funds (ETFs) more than halved in the last one-year ending September 2022, a period when gold outperformed most other asset classes with over 9.5 per cent return.

Data from the Association of Mutual Funds in India (Amfi) shows that investors infused a net of Rs 2,094 crore into gold ETFs between October 2021 and September 2022, as against Rs 4,188 crore during the same period a year ago.

During the same time, gold was staging a recovery after its prices remained subdued for over a year. February 2022 was the first time in 12