Gold ETFs have seen a decrease in funds over the first quarter of 2023 as investors have considered riskier assets with the rise in gold prices. Despite this trend, Sharekhan by BNP Paribas analyst Praveen Singh holds a positive outlook on gold and its prices, suggesting 5% to 10% of investor portfolios should be allocated toward it. Rather than completely losing faith, Indian investors may be purchasing less gold ETFs due to increasing gold prices. Investors who want the insurance of gold during tumultuous times may see success with buying dips, Singh said.