India’s oldest gold ETF, Nippon India ETF Gold BeES, has delivered an impressive ~950% return from its July 2007 launch to 2025, turning a hypothetical ₹10 lakh investment into over ₹1 crore. The performance highlights how gold-linked ETFs have become a meaningful diversification play for Indian investors, especially as equities face pressure and geopolitical risks rise. Fund-house commentary notes increasing investor interest in gold ETFs as they seek alternatives beyond traditional jewellery and coins. Analysts caution that while past returns are strong, future gains will depend on currency, import duty and global rate dynamics.