Gold ETF Inflows Remain Strong Despite MF Subscription Curbs; Did Investors Shift To Direct ETFs?

The World Gold Council’s (WGC) mid-October estimate put Indian gold ETF inflows at $181 million, or around Rs 1,700 crore according to current exchange rate, in the first half of the month. The full-month October report subsequently recorded inflows of $380.50 million, or around Rs 3,574 crore, implying that another $199.5 million, or around Rs 1,874 crore, came in during the second half.