News From Press Gold ETFs see Rs 539 cr outflows in April-Sep FY'17

Gold ETFs see Rs 539 cr outflows in April-Sep FY'17

Source: PTI/ ET Oct 14, 2016

Investors pulled out Rs 77 crore from gold exchange-traded funds (ETFs) in September, taking the total withdrawal to Rs 539 crore in the first six months of the current fiscal.

Trading in Gold ETFs has been tepid in the last three financial years. The funds had witnessed an outflow of Rs 903 crore, Rs 1,475 crore and Rs 2,293 crore in 2015-16, 2014-15 and 2013-14, respectively.

The pace of outflow, however, slowed down in 2015-16 as against the preceding two years ..

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