New Delhi, June 11 -- Gold exchange‑traded funds (ETFs) have gone from being one of the market's hottest trades to witnessing their first monthly outflow in more than a year.

After attracting bumper inflows of Rs.1.29 trillion in 2018, gold ETFs witnessed a period of cooling off. Appetite roared back in 2025, as soaring gold and a search for diversification brought investors back in droves. A scramble for the ultimate safe haven drove blockbuster inflows through December and January.

How the tide has turned-by February, the frantic rush had slowed to a crawl, and by May, the momentum vanished. In May, investors cashed out a whopping Rs.725.04 crore, the first monthly outflow since April 2025, when a mere Rs.5.82 crore trickled out...