Gold ETFs rise by 9.3% in May

“ETFs gold collection in India were up by 9.3 per cent to about 4.99 tonnes in May this year from 4.57 tonnes in the year-ago period,” Manasee S Gokhale, an economist with the National Commodity and Derivatives Exchange, said in a bullion report.

Indian investors have increased investment in ETFs. The rise in gold holdings clearly indicates that investors who were watching all this while seem to have entered the market, she said.

As per the report, benchmark gold ETFs have increased to 2.03 tonnes in May.