Quote : Domestic Gold ETFs saw an inflow of 1028 crores in August, taking YTD inflows into the category to 1482 crores. The category AUM now stands at 24,000+ crore. August is the highest monthly inflow into Gold ETFs since April 2022 which saw the category attract flows of Rs 1100 crore on the back of the Russia-Ukraine war. Flows into Gold ETFs have been subdued since then as the Fed embarked on its tightening cycle. As the end to the Fed’s tightening cycle is now coming close, prospects for gold are looking good. The metal has held its ground despite US yields and US dollar being on an upward trajectory lately. A potential US recession, central bank gold buying, geopolitical tensions, rising US debt levels are all supporting interest in the precious metal.

Quote :

Domestic Gold ETFs saw an inflow of 1028 crores in August, taking YTD inflows into the category to 1482 crores. The category AUM now stands at 24,000+ crore. August is the highest monthly inflow into Gold ETFs since April 2022 which saw the category attract flows of Rs 1100 crore on the back of the Russia-Ukraine war. Flows into Gold ETFs have been subdued since then as the Fed embarked on its tightening cycle. As the end to the Fed’s tightening cycle is now coming close, prospects for gold are looking good. The metal has held its ground despite US yields and US dollar being on an upward trajectory lately. A potential US recession, central bank gold buying, geopolitical tensions, rising US debt levels are all supporting interest in the precious metal.