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Gold exchange-traded funds (ETFs) logged a third straight month of net inflows in May. But the quantum of inflows, at Rs 203 crore, was much lower than the Rs 1,100 crore seen in April. Domestic gold prices fell close to 2 per cent in May amid forecasts of a global economic growth slowdown. The S&P BSE Sensex dropped 2.6 per cent last month. In the past three months, investors have poured in over Rs 1,500 crore in gold ETFs offered by domestic mutual funds.
“While gold is considered a safe haven and finds a lot of appeal among investors, it
