Investments in gold exchange-traded funds (ETFs) moderated in October 2026, while silver ETFs witnessed a sharp increase in inflows, suggesting a shift in monthly investor allocations between the two precious metals.
According to the latest data released by the Association of Mutual Funds in India (AMFI), gold ETFs attracted net inflows of ₹3,474.03 crore in October, down 21.9% from ₹4,450.61 crore in September.
In contrast, silver ETFs recorded net inflows of ₹3,092.22 crore during the month, an increase of 56.6% from ₹1,974 crore in September.
Together, gold and silver ETFs attracted ₹6,566.25 crore in October, compared with approximately ₹6,425 crore in September.
The moderation in gold ETF inflows came amid a correction in domestic gold prices. MCX gold prices declined around 7% in October, according to market data.
What do experts say?
Commenting on the October mutual fund trends, Saugata Chatterjee, President and Deputy CEO of Nippon India Mutual Fund, said that while gold ETF inflows moderated, silver ETFs witnessed increased participation.
He noted that the trend indicated continued investor interest in precious metals as part of diversified portfolios.
Suranjana Borthakhur, Head of Distribution and Strategic Alliances at Mirae Asset Investment Managers (India), said gold ETF inflows declined around 22% month-on-month but remained approximately 45% above the six-month average.
How should investors look at gold and silver ETFs?
The October numbers show a difference in the monthly flow trends of the two precious metals, but one month’s inflow data does not necessarily indicate a sustained shift in investor preference.
Gold and silver ETFs offer investors exposure to the respective metals without having to purchase and store physical bullion. However, their prices can be volatile and are influenced by different factors.
Investors should consider their asset allocation, investment horizon and risk appetite rather than make allocation decisions solely on the basis of monthly inflow trends.
NOTE TO READERS
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.