Inflows into gold ETFs remained moderate through much of last year, and began to pick up towards the end of 2025. Inflows rose to Rs 7,700 crore in October, softened to Rs 3,741.79 crore in November, before rebounding in December to close to Rs 12,000 crore.
“The sustained increase over the past two months suggests a clear shift in investor allocation strategies in favour of gold beyond multi asset funds,” she said.
A Balasubramanian, CEO of Aditya Birla Sun Life AMC said, the ongoing rise in gold and silver has led to a sharp increase in demand for their ETFs as investors look for different avenues to gain exposure to precious metals. However, equities continue to remain the preferred asset class for investment from a long-term wealth creation point of view.”
Similarly, Vikas Gupta of Omniscience Capital said, “investors continued allocating to gold ETFs at significantly elevated gold prices which might turn out to be a mistake in the long-term.”