Gold prices have declined over the past few months, but several investors who invested in Gold ETFs a year ago remain in profit. Some schemes have delivered returns of more than 12% over the past year. Gold ETFs also attracted thousands of crores of rupees in fresh investments in October 2026.
Despite a nearly 12% decline in gold prices over the past six months, several Gold ETF schemes have delivered double-digit returns over the one-year period. The performance indicates that investors who entered these funds a year ago have continued to remain in profit despite the recent correction in gold prices.
Investors have also continued to allocate money to gold-linked funds despite the decline in prices. According to data from the Association of Mutual Funds in India (AMFI), Gold ETFs recorded net inflows of Rs 3,474 crore in October 2026. However, the inflow was lower than the amount recorded in September, indicating a moderation in investment activity.
Gold demand in India typically increases during the Diwali and wedding seasons, when consumers purchase jewellery, coins and gold bars. However, gold prices have experienced considerable volatility this year, declining from their earlier elevated levels over the past few months.
Despite the recent correction, several investors who purchased Gold ETFs a year ago remain in profit. This is because returns over a one-year period are calculated based on the investment value at the beginning of that period, while recent price movements reflect a shorter timeframe.
Investors who purchased Gold ETFs at lower prices a year ago may therefore continue to record gains despite the recent decline. However, further declines in gold prices could also reduce the value of these investments. Past returns do not guarantee future gains.
According to the published performance data, several Gold ETF schemes have delivered returns of more than 12% over the past year.
Quantum Gold ETF recorded a return of approximately 12.81%, while Tata Gold ETF delivered around 12.62%. Nippon India ETF Gold BeES posted a one-year return of 12.58%. Invesco Gold ETF recorded a return of 12.50%, while ICICI Prudential Gold ETF delivered approximately 12.39%.
Returns from these schemes change daily in line with movements in market prices and Net Asset Value (NAV).
According to Value Research data as of October 26, 2026, the Gold Fund category recorded a year-to-date return of 6.94% and a one-year return of 18.64%. The category's annualised average return stood at 31.90% over three years and 23.15% over five years.
These figures relate to different investment periods, and the relevant dates and calculation methodologies need to be considered when comparing them.
Investors continued to invest in Gold ETFs in October despite the decline in gold prices. According to the latest data from the Association of Mutual Funds in India (AMFI), Gold ETF schemes recorded net inflows of Rs 3,474.03 crore in October 2026.
The corresponding figure stood at approximately Rs 4,451 crore in September. This represents a decline of around 22% in monthly investment inflows. However, Gold ETFs continued to record net inflows, with investments exceeding withdrawals.
According to AMFI, the total Assets Under Management (AUM) of Gold ETFs stood at approximately Rs 1.80 lakh crore as of October 31, 2026. The average monthly AUM for October was approximately Rs 1.85 lakh crore.
