Gold ETFs saw a first net outflow of Rs 396 crore in April since March 2023 due to profit-taking.

Gold ETFs experienced a net outflow of Rs 396 crore in April, the first since March 2023, due to profit-taking. Despite this, gold funds' asset under management rose 5% to Rs 32,789 crore at April-end from Rs 31,224 crore in March. Gold ETFs had a net withdrawal of Rs 396 crore in April, compared to an inflow of Rs 373 crore in March. The last net outflow was in March 2023, at Rs 266 crore.

May 12, 2024
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