Gold ETFs in India attracted inflows of ₹8,363 crore in September — over four times higher than prior months — leading to a near 24% annual rise in AUM. The surge reflects investors’ preference for safe-haven assets amid global volatility, inflationary concerns, and macro uncertainty. Precious metals accounted for nearly 72% of passive fund inflows in September, according to AMFI. Analysts say this trend may persist if equity markets remain volatile and rate cuts are delayed.