Gold ETF Inflows Soar 67% to Rs 2,596 Crore Amid Gold Price Rally
Gold exchange-traded funds (ETFs) saw a significant rebound in August, attracting Rs 2,596.70 crore in net inflows - a 67% jump from July's Rs 1,558.75 crore.
This increase coincided with gold prices trading at elevated levels, as MCX gold futures for the October contract were trading around Rs 1,53,679 per 10 grams on September 10.
The August inflows represent a substantial recovery from July's slowdown, when Gold ETFs had attracted just Rs 1,558.75 crore - down from June's Rs 3,443.23 crore.