look news india
New Delhi: Locally, investment in gold exchange-traded funds has quadrupled compared to last year i.e. by 2024. The enthusiasm of investors in India regarding gold ETFs can be gauged from the fact that except April 2024, inflow of new money was recorded in gold ETFs in all the remaining 11 months. Investment in Gold ETF will reach Rs 2.5 crore in 2024, reaching Rs 11,266 crore.
According to data from the Association of Mutual Funds in India (AMFI), during December 2024, a total of 18 gold ETFs (gold exchange traded funds) in the country will invest Rs. There was a net inflow of Rs 640.16 crore, which is 625 percent more than in December 2023. During the same period last year, a total of 15 gold ETFs in the country had only Rs. There was a net investment of Rs 88.31 crore. If compared with the previous month i.e. November, there has been a decline of 49 percent. Gold ETFs worth Rs. during November 2024 The net investment was Rs 1,256.72 crore.
Thus, during the entire calendar year 2024, a total of Rs. 11,266.11 crore net investment, while during the calendar year 2023 Rs. Net investment of Rs 2,923.81 crore was recorded. During calendar year 2022, 11 gold ETFs totaling Rs. An investment of Rs 458.79 crore was made.
During October last year, there was a record net investment of Rs 1,961.57 crore in Gold ETFs. Earlier, the highest investment in Gold ETF was seen in February 2020. During February 2020, gold ETFs gained Rs. Net investment of Rs 1,483.33 crore was recorded.
Whereas investment in Gold ETF during the financial year 2023-24 is Rs. There has been an increase of Rs 5,248.46 crore. Before this, such a jump in investment in gold ETFs had not been seen in any financial year. Investment in Gold ETF during the financial year 2022-23 is Rs. There was an increase of Rs 652.81 crore.
For the first time since 2020, 2024 saw an increase in global inflows i.e. investment in gold ETFs. If we talk about December alone, this is the first time since 2019 that gold ETF has shown strength. Earlier, there was a decline in investment in gold ETFs in November after six consecutive months of growth.
According to the latest data received from the World Gold Council, during the last month of 2024 i.e. December, there has been an increase of $ 0.8 billion in investment in gold ETFs globally. However, in terms of volume, investment declined by 3.6 tonnes during this period.