Gold ETF Inflows Jump 71% to ₹4,451 Crore in September; Silver ETFs Also Record Higher Investments

Key Takeaways

• Gold exchange-traded funds recorded net inflows of ₹4,450.61 crore in September, compared with ₹2,596.70 crore in August.
• Silver ETFs attracted ₹1,974.32 crore, increasing from ₹1,270.63 crore in the previous month.
• Equity ETFs received approximately ₹9,959.96 crore, showing positive subscriptions across multiple ETF categories.

Gold ETF Inflows Increase Sharply in September

Gold exchange-traded funds attracted ₹4,450.61 crore in net investments during September 2026, an increase of approximately 71.4% compared with August.

The latest figures from AMFI show that monthly inflows rose by ₹1,853.91 crore from the ₹2,596.70 crore recorded in the preceding month.

The increase formed part of a broader rise in investments in precious-metals-backed exchange-traded funds.

Gold ETFs provide exposure to domestic gold prices through units traded on stock exchanges. Their returns broadly follow the value of their underlying holdings after accounting for expenses and tracking differences.

The September figures measure the money invested in these schemes rather than the percentage change in gold prices or individual ETF returns.

Silver ETFs Attract Nearly ₹2,000 Crore

Silver exchange-traded funds also recorded higher monthly collections.

Net inflows increased to ₹1,974.32 crore from ₹1,270.63 crore in August, representing growth of approximately 55.4%.

Combined net inflows into gold and silver ETFs reached ₹6,424.93 crore during September.

The increase indicates that both precious-metal ETF categories received positive investor subscriptions during the month.

However, the data does not establish that all gold or silver ETFs generated identical returns. Individual schemes can differ in costs, tracking difference, portfolio composition and market trading prices.

Equity ETFs Also Receive Positive Flows

Beyond precious metals, equity ETFs attracted approximately ₹9,959.96 crore in September.

Total ETF inflows across the industry's reported categories reached approximately ₹15,501.40 crore, according to the AMFI monthly data summarised by Moneycontrol.

The ETF figures demonstrate that exchange-traded products continued receiving subscriptions even as other passive investment categories recorded withdrawals.

Index funds, for instance, experienced net outflows in September, illustrating differences in investor activity across passive investment structures.

Gold ETF Flows and Market Exposure

Gold ETF investments can be influenced by movements in domestic bullion prices, currency fluctuations, portfolio allocation decisions and changes in demand for gold exposure.

Nevertheless, AMFI's monthly fund-flow release does not identify the individual motives behind every subscription.

Nor does a rise in inflows imply that the price of gold increased by a corresponding percentage.

September's figures confirm higher net investments in precious-metal ETFs, with gold funds receiving more than twice the amount attracted by silver ETFs.

The numbers provide a measure of investor activity in these products, independent of their subsequent market performance.