Gold ETF Inflows Decline To ₹5,255 Crore In February After January Surge

Gold exchange-traded funds (ETFs) saw net inflows worth ₹5,255 crore in February 2026, which is much lower compared to the ₹24,039.96 crore that was seen in January, as per the data released by the Association of Mutual Funds in India (AMFI).

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The decline in February is due to the unusually high rise seen in January. However, the net inflows into gold ETFs remained positive in February.

January Recorded Strong Gold ETF Allocations

The inflows recorded in January had brought investments in gold ETFs close to the level seen in equity mutual fund inflows during that period.

According to AMFI data, the January surge reflected strong investor demand for gold-backed investment instruments amid global market uncertainties and volatility in equity markets.

February’s lower inflow therefore, represented a moderation after the unusually high allocations recorded at the beginning of the year.

Passive Fund Inflows Decline In February

Across passive fund categories, which include index funds, gold ETFs, other ETFs, and fund of funds investing overseas, total inflows stood at ₹13,879 crore in February.

This was lower than the record inflow of ₹39,954 crore recorded in January and also below the ₹11,000 crore inflow reported in December, according to AMFI.

The decline in passive fund inflows largely reflected the slowdown in allocations to gold ETFs compared with the previous month.

Flows Across Other ETF Categories

Other segments within the passive fund category recorded mixed flows during February. Silver ETFs registered outflows of about ₹826 crore during the month.

Index funds continued to attract investor interest, receiving net inflows of about ₹3,233 crore, according to AMFI data.

Other exchange-traded funds recorded inflows of around ₹4,487 crore during February.

Funds of funds investing in overseas markets also recorded inflows of about ₹904 crore during the same period.

Gold ETFs Continue To See Investor Participation

Gold ETFs allow investors to gain exposure to gold through market-traded investment products without purchasing the physical metal.

According to AMFI data, inflows into the category remained positive during February, even though allocations declined from the unusually high levels seen in January.

The February data, therefore, reflected a slowdown in inflows following the strong start to the year while maintaining continued investor participation in gold-backed exchange-traded funds.