Gold ETFs log Rs 103 crore inflow in May
Gold exchange-traded funds (ETFs) in India received a net inflow of INR103 crore ($13.8m) in May, confirming investor interest in the safe-haven investment during uncertain times. This followed a net inflow of INR124 crore in April. Gold ETFs track the domestic physical gold price, are passive investment instruments that are based on gold prices and invest in gold bullion. One gold ETF unit is equal to one gram of gold and is backed by physical gold of high purity. The flexibility of stock investment and attractive market returns have driven investment in the asset class in recent years.
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