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April 1, 2025Indians rush to invest in gold ETFs after downturn in local equities
Falling share prices have pushed Indians to an asset they have long been fond of… Gold. Indians have become heavy investors in gold after a downturn in local equities, with a boom in exchange-traded funds driving purchases as the commodity’s price hits record highs.
Not surprising, as Indians, historically, have had an affinity for gold. A lot of people are now moving towards gold ETFs for investment purposes.
According to the World Gold Council, although India’s gold ETF holdings are just 2 per cent of the global total, the country is the world’s second-largest investor of the commodity after China. There has been a shift from gold jewellery to pure investments in recent times.
Investors have been redirecting free cash flow towards gold ETFs amid ongoing global and domestic economic and policy uncertainty, said the WGC in the India report.
