Gold ETF Aums Almost Double In July, Imports Up Ahead Of Festive Season
One new gold ETF was also launched in July, bringing the total number of gold ETFs listed in India to 21: Reports
CHENNAI: At the end of July, Indian gold ETFs’ cumulative assets under management (AUM) rose 96 per cent to Rs 67,600 crore and total holdings rose to 68 tonnes.
The physical gold market too is gearing up for the festive season with higher imports.
Cumulative AUM of gold ETFs stood at Rs 67,600 crore (US$7.85 bn), registering a 96 per cent increase over the same month last year.
Total gold holdings rose to 68 tonnes, with 1.2 tonnes added during the month, finds WGC. Investor interest in gold ETFs continued to strengthen as 215,000 new accounts (folios) were added in July, bringing the total to 7.86 million, a 42 per cent increase over July 2024.
One new gold ETF was also launched in July, bringing the total number of gold ETFs listed in India to 21.
Flows into Indian gold ETFs remained positive in July, marking the third consecutive month of net inflows. Global policy-related uncertainties and geopolitical tensions have been major drivers of this trend. But, the pace of net inflows slowed, declining to Rs 1260 crore (US$146mn) in July, down 41 per cent from the previous month. This however was nearly 34 per cent higher than the 2024 monthly average of Rs 940 crore.
The positive momentum has carried into August, with partial data for the first two weeks indicating higher inflows into Indian gold ETFs.
According to Kavita Chacko, research head, WGC India, the gold market is gearing up for the festive season with prices stabilising in July. This was evident from the gold imports in the month.
Gold imports saw a significant rebound, following three months of declines. At $4 billion, imports in July notably surpassed the monthly average imports for the first six months of 2025 at $3 billion; up 14 per cent y/y and more than double the value of those during June.
“Our estimates indicate that the volume of gold imported in July ranged from 42 tonnes to 48 tonnes. The higher import levels suggest that manufacturers are likely preparing for festive season demand, beginning in August,” she said.
