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Gold ETFs continues to see inflows for sixth straight month in September

The category received inflows of Rs 597 crore in September, taking its year-to-date total to Rs 5,957 crore

Photo: Reuters
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Gold prices came-off its all-time high of about Rs 56,200 it hit in August, after witnessing almost an uninterrupted rally this year. Photo: Reuters

Ashley Coutinho Mumbai
The Gold ETF category continued to receive net inflows for the sixth straight month in September. The category received inflows of Rs 597 crore in September, taking its year-to-date total to Rs 5,957 crore, data from Association of Mutual Funds in India show.

Gold prices came-off its all-time high of about Rs 56,200 it hit in August, after witnessing almost an uninterrupted rally this year. This probably has provided a good entry point for investors to invest in yellow metal. On Friday, December gold futures were up 0.8 per cent on MCX to Rs 50,584 in early trade.  

“With all