India's January gold ETF net inflows reached 240.4 billion rupees, exceeding equity mutual funds for the first time.

According to reports, in January of this year, the funds flowing into gold ETFs from Indian investors exceeded those flowing into equity mutual funds, highlighting a rare phenomenon. Despite record increases in gold prices driven by geopolitical and currency risks, the market demand for gold remains strong. Data released by the Association of Mutual Funds in India on Tuesday showed that net inflows into gold ETFs soared to a record 240.4 billion rupees, slightly higher than the net inflows of 240.3 billion rupees into equity funds. This milestone event becomes one of the most powerful endorsements by local investors of gold in a single month in recent years. This trend also reflects a broader global pattern, as even though gold prices experienced a correction last week, global gold ETF holdings remain close to their highest levels in over three years, as the factors driving this strong uptrend continue to exist.