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

MCX Gold Impacts On Biden Win; Expectation Of Larger US Stimulus

Gold rebound the economy, Jewellers optimistic

Golden opportunity to buy cheap gold during Dhanteras, RBI decides these prices