News From Press Gold ETFs see Rs 66 cr outflow in April

Gold ETFs see Rs 66 cr outflow in April

Source: Moneycontrol/PTI May 11, 2017

Investors remained bearish on gold exchange-traded funds (ETFs) and pulled out Rs 66 crore from the instrument in April, preferring to invest in equities.

Trading in gold ETF segment has been tepid during the last four financial years. It 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.

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