News From Press Gold ETF inflow surges over 400 times to Rs 6,657 crore in 2020

Gold ETF inflow surges over 400 times to Rs 6,657 crore in 2020

Source: PTI/The Economic Times Jan 11, 2021

Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020. In comparison, a net inflow of just Rs 16 crore was seen in the entire 2019. The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets.

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