After witnessing net outflow in July, gold exchange-traded funds (ETFs) attracted Rs 24 crore in August on a positive global outlook, reflecting an improving sentiment towards the yellow metal.
The total inflow has reached Rs 3,070 crore in the asset class during the first eight months of the current year (January-August), data with the Association of Mutual Funds in India (Amfi) showed.
The inflow helped in pushing the number of folios in the category to 21.46 lakh in August from 19.13 lakh in the preceding month.