Gold ETF inflows surge 34 percent to Rs 3040 crore in April as silver outflows persist

Gold drew big money while silver saw its third exit

Gold exchange traded funds saw a sharp rebound in April, with inflows rising 34% to Rs 3,040 crore and assets under management also increasing. Silver ETFs, however, continued to lose investors for the third month in a row. Notably, the shift happened even as gold prices stayed largely steady, pointing to changes in fund demand rather than price swings.