Profit booking drives 47% drop in February gold ETF inflows despite all time high prices
Gold ETFs inflows dropped 47.22% to Rs 1,979 crore in February despite record-high gold prices, reflecting profit-taking and equity market opportunities. However, inflows still saw a 99% year-on-year increase. UTI Gold ETF led with 3.70% returns. Gold remains an essential portfolio diversifier amid global uncertainty, with AUM growing 7% to Rs 55,677 crore.
Gold ETFs inflows dropped 47.22% to Rs 1,979 crore in February despite record-high gold prices, reflecting profit-taking and equity market opportunities. However, inflows still saw a 99% year-on-year increase. UTI Gold ETF led with 3.70% returns. Gold remains an essential portfolio diversifier amid global uncertainty, with AUM growing 7% to Rs 55,677 crore. What's Your Reaction?
