Global ETFs See Inflow Of Over $17 Billion In September; Nippon India Gold Ranks 10th Globally: WGC

Global ETFs See Inflow Of Over $17 Billion In September (Photo source: Pixabay) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Global gold exchange-traded funds saw record monthly inflows in September, led by inflows across all regions, with assets rising by 145.6 tonnes from a month ago to 3,837.7 tonnes, the World Gold Council said in a report on Tuesday.

The inflows resulted in the strongest quarter of $26 billion, it said.

Indian gold exchange-traded funds witnessed an inflow of 7.3 tonnes in September, due to favourable local currency dynamics and increased investment demand as investors look for safe havens amid weaker domestic equities and persistent geopolitical and trade risk. The total assets under management in the country rose to 77.3 tonnes in September.

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