Gold ETF hatches positive inflow, pours Rs 203 crore in May

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MUMBAI: Gold Exchange Traded Funds (ETFs) have seen positive inflows for the third consecutive month, boosting Gold ETFs' Asset Under Management (AUM) by 10 per cent so far this year.

According to Amphi's data, gold ETFs rose by Rs. A new investment of Rs 302 crore has been made, though it was Rs. Much less than the inflow of Rs 1,100 crore. Gold prices fell two per cent in the domestic market last month on the back of a slowdown in global economic growth. The BSE Sensex, the benchmark benchmark of the Indian stock market, has also fallen by 4.5 per cent.

Gold is considered to be the safest source of investment in times of economic recession and inflation. Investors have turned to gold as fears of an epidemic and recession have led to a turmoil in the equity market and an overall softening in the price of yellow precious metals. In the first five months of 203, domestic gold prices fell by 4.5 per cent, while the Sensex fell by only 4.5 per cent.

During the month of May, the total number of gold ETFs has reached 4 lakh, adding about 3,000 new folios. So the total AUM of Gold ETF has also increased by 10% to Rs. 20.5 crore. Globally, the net AUM in gold ETFs for the fourth consecutive month has been positive inflows to about ૨૨૬ 3 billion.

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