India’s Gold ETF Holdings Hit Record 95 Tonnes; Now 6th Largest Globally

Indian gold exchange-traded funds delivered one of their strongest years on record in 2025, driven by aggressive investor buying and a powerful rally in precious metal prices.  

The surge pushed India up the global league table for ETF-based gold ownership, underlining the growing role of ETFs in the country’s investment landscape. 

Global Ranking and Investment Flows 

Domestic gold ETF holdings rose to 95 tonnes in 2025, up from 57.5 tonnes a year earlier, propelling India from eighth to 6th place worldwide. In terms of annual inflows, India ranked as the 3rd-largest market globally after the US and China.  

Net investments into Indian gold ETFs climbed to $4.4 billion during the year, more than three times the level recorded in 2024, reflecting a sharp acceleration in investor participation. 

Globally, gold ETFs attracted close to $88.5 billion of net inflows in 2025, with India emerging as one of the strongest contributors.  

Rising Assets and Investor Participation 

The rapid growth in gold ETFs was part of a wider boom in precious-metal investment products. Assets under management of gold and silver ETFs crossed ₹2 trillion by December, rising nearly four times from the start of the year.  

Gold ETF assets alone tripled to around ₹1.3 trillion, supported by record monthly inflows and expanding investor participation.  

The number of gold and silver ETF accounts rose sharply, signalling increasing acceptance of ETFs as a preferred way to gain exposure to precious metals. 

Read More: Nippon India ETF Gold BeES Leads India and Ranks 15th Globally by Fund Flows In 2025! 

Conclusion 

India’s rise to the top six globally in gold ETF holdings reflects a structural shift in how investors access precious metals, with regulated, transparent ETF products increasingly replacing physical buying as the preferred route for portfolio diversification and long-term wealth protection. 

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