According to data released Tuesday by the Association of Mutual Funds in India (AMFI), investments in gold Exchange Traded Funds (ETFs) in January exceeded inflows into equity-oriented mutual funds, marking a first for India.
As gold prices continue to reach all-time highs, this underscores a spike in demand for the yellow metal as an investment. As investors wager that prices will continue to rise, inflows into gold ETFs, or mutual funds that invest in gold, more than doubled in January from December 2025 to reach an all-time high of Rs 24,040 crore, according to AMFI statistics. This is the third consecutive month that inflows have increased.
Driven by demand for safe-haven assets, a declining US dollar, robust global central bank purchases, and a volatile geopolitical and economic landscape, gold prices have already quadrupled over the past year. The price of silver, which has increased even more quickly, saw net inflows of Rs 9,463 crore into its exchange-traded funds (ETFs), bringing the total assets under management (AUM) of these funds to Rs 1.17 lakh crore as of the end of January. Gold ETFs had an AUM of Rs 1.84 lakh crore.
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