Gold exchange-traded funds (ETFs) continued to draw steady investor interest in November 2025, with net inflows of ₹3,741 crore, according to the latest AMFI data. This marks the seventh straight month of positive flows into the category.

Nehal Meshram, Senior Analyst at Morningstar Investment Research India, said the momentum remained healthy even as inflows moderated from the sharp surge seen in September and October.

“The latest figure still reflects sustained demand for gold-backed products in a market environment marked by elevated macro uncertainty and intermittent risk-off sentiment,” she noted.

Global gold prices eased slightly during the month as a stronger US dollar weighed on the metal. Despite this, domestic investors continued to maintain allocations to gold ETFs. Meshram s

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