New Delhi, May 9 -- Global investors began rotating back into gold ETFs in April as India recorded positive flows of USD 297 million, marking its 11th consecutive month of inflows, according to a report by the World Gold Council (WGC).

Following notable outflows in March, global physically backed gold ETFs recorded inflows of USD 6.6 billion during the month. As per the report, all regions registered positive flows with European funds leading the recovery.

The April expansion lifted global gold ETFs' total assets under management to USD 615 billion, which represented a 1 per cent increase month-on-month (MoM). Collective holdings also rose 1 per cent to 4,137 tonnes. This figure stood as the third highest ever and remained just below th...