Gold and silver ETFs soar to record highs in Sep

Net inflows into gold ETFs increase to ₹8,363 crore from ₹2,189 crore in Aug

- Srushti Vaidya

Inflows into gold and silver exchange traded funds climbed to an all-time high in September, as investors growing weary of the recent volatility in the stock market opt for safer assets.

Net inflows into gold ETFs increased to %8,363 crore in September from Rs 2,189 crore in August, per data from the Association of Mutual Funds of India (Amfi) published on 10 October. Net inflows into silver ETFs rose to ₹5,341 crore from ₹1,799 crore. Gold and silver ETFs track the price of the respective commodities and are traded on stock markets just as securities are.

Meanwhile, net inflows into equity mutual funds fell 9% from August to ₹30,421 crore in September—making for a third straight month of declining investments in equity mutual funds. Spot gold and silver returns have far outpaced annual equity market returns.