Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow

From business-standard.com

Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in 2020, data with Association of Mutual Funds in India (Amfi) showed. However, the asset base of gold ETFs and investors' account or folio numbers increased in 2022 from the preceding year. "A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while ... (full story)