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DEVELOPING: Gold ETFs Surge Past Stocks as Prices Soar in India!

DEVELOPING: Gold ETFs Outpace Stocks in India

Indian investors are flocking to gold. Gold exchange-traded funds (ETFs) saw record inflows in January. They surpassed investments in stock mutual funds.

Net inflows into gold ETFs reached 240.4 billion rupees. This is equivalent to $2.65 billion. Stock fund inflows were slightly lower at 240.3 billion rupees.

This marks a significant shift. It reflects strong demand for gold. Geopolitical and monetary risks are driving the surge.

The Association of Mutual Funds in India released the data Tuesday. Further updates are expected.

This is a developing story.

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This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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