New Delhi, July 10 -- Just a month after investors pulled money out of gold exchange-traded funds (ETFs), the category witnessed a sharp turnaround in June. Gold ETFs attracted net inflows of Rs.3,443.23 crore during the month, reversing the Rs.725.04 crore net outflow recorded in May, according to the latest data released by the Association of Mutual Funds in India (AMFI).

The reversal comes after May's outflows, which industry experts attribute largely to profit booking following a sharp jump in domestic gold prices.

"The May 2026 outflow was heavily triggered by the government's steepest-ever customs duty hike on gold from 6% to 15%, which led to a spike in domestic prices and prompted investors to lock in profits. Outflows were like...