Business

Gold ETF inflows soar to Rs 921 cr in July: AMFI

Gold ETFs saw an inflow of Rs 921 cr in July, a surge of 86 pc from the preceding month, as new investors rushed to add the precious metal in their portfolios in view of higher prices.

migrator

New Delhi

With this, net inflow in gold exchange traded fund or ETF category has reached to Rs 4,452 cr in the first 7 months of the year,data with the Association of Mutual Funds in India (Amfi) showed.

As per the data, a net sum of Rs 921 cr was pumped into gold-linked ETFs last month, higher than the net Rs 494 cr in June. The inflows meant assets under management of gold ETFs climbed by 19 pc to Rs 12,941 crore at the end of July, from Rs 10,857 crore at June-end.

Month-wise, investors put in a net Rs 202 cr in January, Rs 1,483 cr in February, but withdrew Rs 195 cr in March on profit-booking. Inflows resumed in April at Rs 731 cr, followed by Rs 815 cr in May.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

OPS flays DMK over 'brutal assault' on migrant Odisha worker in TN's Tiruttani

IMD confirms northeast monsoon deficit as TN records below normal rainfall this season

CM Stalin says 2026 will deliver a strong mandate for DMK

CPM urges inclusion of jaggery, direct cane procurement in Pongal gift hamper

DMK allies in Tamil Nadu stress defence of democracy, secularism in New Year messages