Gold ETF Inflows Cross ₹49,000 Crore in First 10 Months of 2026

Key Takeaways

• Gold ETFs received cumulative net inflows of approximately ₹49,399 crore between January and October 2026.
• The first 10 months of 2026 have already exceeded the ₹42,961 crore collected during the whole of 2025.
• October inflows slowed to ₹3,474 crore from ₹4,451 crore in September despite the stronger year-to-date total.

Indian gold exchange-traded funds have collected more money in the first 10 months of 2026 than they did during the whole of the previous calendar year.

Cumulative net inflows into gold ETFs reached approximately ₹49,399 crore between January and October 2026, based on AMFI data compiled by Morningstar Investment Research India. The corresponding full-year figure for 2025 was ₹42,961 crore.

That puts 2026 inflows about ₹6,438 crore, or roughly 15%, above the previous year's total with two months of the calendar year still remaining.

The milestone was reached even though the monthly pace of investment eased in October.

Gold ETFs received ₹3,474.03 crore during October, compared with ₹4,450.61 crore in September, a decline of about 22% month-on-month.

Gold ETFs form part of the broader ETF category in AMFI's monthly industry data and should therefore not be added separately when calculating total industry inflows.

The strong year-to-date flows have coincided with heightened movements in precious-metal markets during 2026. Gold prices rose sharply earlier in the year before correcting from their peaks, while geopolitical developments, currency movements and demand for portfolio diversification continued to influence investor activity.

Gold ETFs provide exposure to domestic gold prices through exchange-traded units. Their returns broadly reflect changes in the underlying gold price after accounting for expenses, tracking difference and market-related factors.

The ₹49,399 crore figure measures net investor flows rather than investment returns. An increase in ETF assets can result from both fresh investment and movements in the market value of gold, making net-flow data useful for separating investor subscriptions and redemptions from price appreciation.

October's moderation therefore did not alter the broader 2026 trend: cumulative net subscriptions into Indian gold ETFs had already surpassed the full-year 2025 total by the end of the tenth month.