India’s Gold ETF Inflows Surge 900% as Investors Flee Equities
Indian investors are pouring into gold ETFs at a historic pace, with inflows hitting 250 billion rupees ($3 billion) – a 900% surge since July. This marks the first time gold fund inflows have eclipsed equity mutual funds, signaling a dramatic shift in risk appetite.
The rush mirrors global trends as central banks and retail buyers stockpile bullion. Bridgewater's RAY Dalio has repeatedly emphasized gold's role as a portfolio hedge against monetary debasement and geopolitical turmoil.
Local demand reflects deep cultural affinity for physical gold, now channeled through financial instruments. The Kobeissi Letter notes this outperforms even cryptocurrency adoption rates in India.