
India’s gold and silver ETF market witnessed another month of robust inflows in October, even as prices of both precious metals softened in the latter half of the month. Investors continued to favour these instruments for their liquidity, transparency, and hedge value amid global uncertainties and festive demand.
Gold ETFs are estimated to attract ₹7,800 crore in October, nearly matching September’s record inflow of ₹8,363 crore. The consistent investor participation helped total assets under management (AUM) of gold ETFs surpass ₹1 trillion for the first time, a milestone achieved just nine months after crossing the ₹50,000 crore mark in January 2025.
Silver ETFs also maintained momentum, with inflows estimated at around ₹4,300 crore in October, slightly below September’s record of ₹5,342 crore but still among the highest ever. Their combined AUM reached ₹42,500 crore, more than tripling since the start of the year.
Despite price corrections of 6.5% in gold and 16% in silver from their October peaks, both metals have rallied sharply in 2025, up 59% and 74%, respectively. The surge reflects a combination of global rate-cut expectations, geopolitical tensions, and festive-season demand in India.
The rally has attracted a new wave of retail investors. Nearly one million new accounts were added in gold and silver ETFs and fund-of-funds in September, surpassing even active equity scheme additions.
Read More: Best Gold Mutual Funds in India for Nov 2025: DSP World Gold, SBI Gold Fund & More Based on 3Y CAGR!
The October inflows reaffirm the growing strategic role of precious metals in Indian portfolios. With global uncertainties persisting and domestic demand resilient, analysts expect ETF investments in gold and silver to remain elevated through the year’s end.
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Published on: Nov 4, 2025, 2:35 PM IST

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