Mumbai, June 10 -- Gold Exchange Traded Funds (ETFs) in India witnessed net outflows of Rs.725 crore in May, ending a 12-month streak of positive inflows, according to data released by the Association of Mutual Funds in India (AMFI). The sharp reversal marks a significant change from April, when Gold ETFs attracted net inflows of Rs.3,040 crore. The outflow comes after a strong rally in domestic gold prices this year, with investors appearing to book profits following substantial gains in the yellow metal. Market sentiment was also influenced by policy developments, including Prime Minister Narendra Modi's appeal to reduce gold purchases to help curb India's gold import bill. Adding to the pressure, the government subsequently increased cus...