Gold exchange-traded funds (ETFs) saw their first outflow in nearly a year as investors cashed in profits following a sharp price increase.
According to the Association of Mutual Funds in India, gold ETFs recorded a net outflow of ₹77 crore in March, after strong net inflows of ₹1,980 crore in February.
Analysts pointed to profit-taking and portfolio rebalancing as key factors, particularly amid a correction in the equity market.
“The dip is a result of profit-taking by investors following a sustained rally in gold prices. Some investors also rebalanced their portfolios by reducing exposure to gold, leading to temporary outflows

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