Gold ETF Inflows Slow to ₹2,266 Crore in March; Silver ETFs See ₹683 Crore Outflows

Gold Exchange-Traded Funds (ETFs) saw net inflows of ₹2,266 crore in March 2026, down from ₹5,255 crore in February. The drop of about 57% follows a strong January, when inflows stood at ₹24,040 crore.  

The March numbers indicate a slowdown in fresh investments after higher allocations earlier in the year. 

Strong Quarter Despite Monthly Dip 

For the January to March period, gold ETFs recorded total inflows of ₹31,561 crore. This shows that overall demand remained steady even as monthly flows eased. The data suggests that gold continued to be part of investor allocations during the quarter. 

Silver ETFs Turn Negative 

Silver ETFs reported net outflows of ₹683 crore in March. Assets under management in these funds also declined, mainly due to changes in the price of silver. This marked a shift from earlier trends and points to weaker activity in the segment during the month. 

Rise in Other ETF Categories 

Other ETF segments saw higher inflows during March. These funds recorded ₹19,802.41 crore in inflows, compared with ₹4,487.15 crore in February. Index funds also drew ₹8,168.76 crore, indicating participation in passive investment products. 

Flows Ease After Earlier Surge 

The decline in gold ETF inflows comes after strong activity seen in January and February. Earlier inflows were supported by portfolio adjustments and gains in gold prices. As these factors settled, the pace of new investments slowed in March. 

Read More: AMFI March Data: Net Equity Inflow Jumped 56% at ₹40,450 Crore vs ₹25,977 Crore in Previous Month! 

Conclusion 

Gold ETF inflows declined in March but remained positive, while silver ETFs saw outflows. At the same time, other ETF categories recorded higher inflows, indicating a change in allocation patterns during the month. 

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