Gold exchange-traded funds (ETFs) in India have surpassed their entire inflows for the year 2025 in just ten months, reaching over ₹49,000 crore, according to data from Moneycontrol. This surge in investment comes despite a slowdown in collections during October 2026.
Key Details
Global gold prices have dropped by more than 6% in 2026, trading at approximately $4,045 per troy ounce as of November 11. The decline follows record highs in 2025, with gold's year-to-date return reported at -6.36%. However, this correction has not adversely affected Indian gold ETFs, which have continued to yield positive returns. The top-performing funds have generated gains exceeding 7.5% this year, partly due to a weaker Indian rupee, which makes gold imports more expensive and supports domestic prices.
Background
The Quantum Mutual Fund Gold Outlook report noted that gold prices fell to $3,875 per troy ounce at the end of October, marking a monthly decline of about 6.87%. Despite these challenges, investor interest in gold remains robust. Global gold ETFs recorded net inflows of $1.2 billion through October 23, with total holdings increasing by around 10 tonnes during the month. Among Indian gold ETFs, 360 ONE Gold ETF led with a return of 7.54%, while LIC MF Gold ETF lagged with a return of 1.98%.
Related coverage: Gold ETFs Fall 4% Ahead of Dhanteras; Prices at ₹1,42,000, Gold Prices Decline as Inflation Focus Shifts to US Data.
The decline in global gold prices could lead to increased volatility in gold-related assets, particularly affecting ETFs and mining stocks. A weaker rupee may further support domestic gold prices, influencing investor behavior in the gold market. Watch for upcoming data on gold demand and ETF inflows as investors assess the impact of international price movements on local markets.
Based on reporting by: moneycontrol.com, livemint.com