Gold, silver ETF inflows drop 55% and 70% in July as investors take profits
AI Market Summary
India's July data show a sharp slowdown in precious-metals ETF inflows (gold -55% m/m, silver -70%) amid elevated prices, consistent with profit-taking after a strong rally. Gold ETF AUM still rose to Rs 1.73 tn and flows stayed positive, indicating ongoing strategic demand as a macro and geopolitical hedge. Softer silver returns and higher volatility may temper near-term incremental appetite for silver-linked exposures.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.39%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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India’s gold ETF net inflows fell 55% month on month in July, while silver ETF inflows dropped 70%, according to data from the Association of Mutual Funds in India. Gold ETF assets under management rose to Rs 1.73 lakh crore, while silver ETF AUM slipped to Rs 77,676 crore. Gold ETFs posted an average return of 1.37% for the month, while silver ETFs recorded an average loss of 2.48%.
