PRECIOUS METALS | Gold ETF Inflows in India Surge by 900% Since July

India has witnessed a significant surge in gold ETF inflows, marking a record 900% increase since July, with total inflows reaching approximately 250 billion rupees. According to NS3.AI, this growth has surpassed equity mutual fund inflows for the first time, indicating a shift in investor preference towards gold as a safe-haven asset. The change comes amid volatile macroeconomic policies that have prompted investors to seek stability. Influential investor Ray Dalio has highlighted gold's importance as a crucial portfolio hedge against inflation and risks associated with fiat currencies.