Gold ETF Inflows Surge Six-Fold in September 2025 Amid Global Uncertainties and Macroeconomic Concerns
Rising global uncertainties, escalating geopolitical tensions, and attractive returns on gold exchange-traded funds (ETFs) have driven a record six-fold jump in inflows into the asset class during September 2025. The latest data from the Association of Mutual Funds in India (AMFI) reveals that net inflows into gold ETFs rose 578.28 percent, or six times to Rs 8,363.13 crore in September 2025, compared with Rs 1,232.99 crore in the same period last year.
Key Takeaways:
- Inflows into gold ETFs rose 578.28 percent, or six times to Rs 8,363.13 crore in September 2025, compared with Rs 1,232.99 crore in the same period last year.
- Net inflows rose 281.96 percent on a month-on-month basis from Rs 2,189.51 crore in August.
- The surge in inflows is driven by escalating geopolitical tensions, global uncertainties, and attractive returns on gold ETFs.
- Investors favor gold ETFs due to liquidity, transparency, cost-effectiveness, and ease of trading compared to physical gold.
- Tax clarity provided in the Union Budget 2025-26 has made gold ETFs more attractive for investors.
- Analysts expect inflows into gold ETFs to continue supported by a weak US dollar, persisting geopolitical tensions, tariff uncertainties, and increased gold purchases by global central banks.
Statistics:
- Net inflows into gold ETFs: Rs 8,363.13 crore (September 2025)
- Net inflows into gold ETFs (year-over-year growth): 578.28%
- Net inflows into gold ETFs (month-over-month growth): 281.96%
- Net Asset Under Management (AUM) of gold ETFs: Rs 90,136 crore (September 2025)
- Net AUM of gold ETFs (year-over-year growth): 126.34%
- Gold prices: over Rs 1,25,000 per 10 gram (999 purity)
Sources:
- Association of Mutual Funds in India (AMFI)
- ICRA Analytics
- Quantum AMC
- Union Budget 2025-26