Gold Exchange-traded Fund (ETFs) witnessed remarkable inflow to the tune of Rs. 384 crore for the month of October as per the latest tally from the AMFI, taking the total assets under management (AUM) to Rs. 13969 crore. Further in the three months to September as investors hedged their positions in risky assets due to the economic risk originating from Covid 19 pandemic, the investment avenue saw a net inflow of more than Rs. 2400 crore.
from the time when early August when gold hit record highs on the Multi Commodity Exchange (MCX) of Rs. 56200 per 10 gm, gold lost momentum but since the last week in the run-up to the US Presidential polls and now after the democrat candidate Joe Biden has come to power and the dollar has eased, gold is once again climbing up at a price of close to Rs. 52500 per 10 gm.
Gold ETF inflow/ outflow since January 2020
Month Net inflow/outflow during the month
January Rs. 202 crore
February Rs. 1483 crore
March - Rs. 195 crore
April Rs. 731 crore
May Rs. 815 crore
June Rs. 494 crore
July Rs. 921 crore
August Rs. 908 crore
September Rs. 597 crore
October Rs. 384 crore
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