India’s gold exchange-traded funds (ETFs) saw their highest-ever monthly inflows in September, topping Asia’s charts and highlighting investors’ growing tilt toward safe-haven assets.

According to the World Gold Council, net inflows into Indian gold ETFs surged to $902 million in September 2025, a massive 285% jump from $232 million in August. This was the fourth consecutive month of inflows, with all months of 2025 — except March and May — seeing positive momentum.

India ranked fourth globally for the month’s ETF inflows. The US led with $10.3 billion, followed by the UK ($2.23 billion) and Switzerland ($1.09 billion). Total global ETF inflows stood at $17.3 billion in September.

On a year-to-date basis, India’s gold ETF inflows reached a record $2.18 billion, surpassing previous highs

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