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Gold ETF Assets Jump 164% as Commodities Gain Traction
More people in India are investing in funds that track gold and silver.
Gold ETF investments reached Rs 1.91 lakh crore in August 2026, much higher than a year earlier.
Silver ETFs also held a large amount of money.
A report says investors are looking at metals not only as protection, but also to spread risk across investments.
Metals such as copper and aluminium may see more demand as electricity networks and renewable energy grow.
Multi-asset funds, which invest across different kinds of assets, have also grown.
A World Gold Council representative said some younger consumers are choosing lighter jewellery and spending more on other things.
An Emkay executive said brokers may need to offer advice across several types of assets.
India’s gold ETF assets reached Rs 1.91 lakh crore in August 2026, up 164% from about Rs 72,500 crore a year earlier.
Silver ETFs held approximately Rs 85,000–86,000 crore in August, according to an Emkay Global Financial Services report.
The report said investors and institutions are considering commodities for diversification, liquidity and risk management.
Multi-asset allocation funds held more than Rs 2.07 lakh crore, rose nearly 57% year-on-year and recorded positive flows for 60 consecutive months.
The World Gold Council’s Sheela Kulkarni noted changing consumer demand, while Emkay’s Rahul Rege called for brokers to become multi-asset advisers and risk-management partners.
- Who
- Indian investors and institutions; the figures and analysis were reported by Emkay Global Financial Services.
- What
- Gold ETF assets rose 164% year-on-year, while the report described growing interest in commodities and multi-asset investing.
- Where
- India.
- When
- The asset figures are for August 2026; the report was said to have been released on Thursday.
- Why
- The report cited diversification, liquidity and risk management, as well as structural demand drivers for industrial metals.
Changing investment and consumer patterns
Industry perspectives
How commodities are being used
Changing investment and consumer patterns
The report says commodities are increasingly considered for diversification, liquidity and risk management, beyond their traditional role as a hedge.
Industry perspectives
The report also notes that multi-asset allocation funds are not commodity funds, even as investors use them to navigate different economic environments.
Changing gold demand
Changing investment and consumer patterns
Sheela Kulkarni said jewellery accounts for a smaller share of consumption as younger consumers favour lighter jewellery and spend on experiences and other products.
Industry perspectives
Gold nevertheless began 2026 strongly, recording 11 new highs in its first two months.
Key facts
- Gold ETF assets
- Rs 1.91 lakh crore in August 2026
- Gold ETF year-on-year increase
- 164%, from about Rs 72,500 crore
- Silver ETF assets
- About Rs 85,000–86,000 crore in August
- Multi-asset allocation fund assets
- More than Rs 2.07 lakh crore in August 2026
- Multi-asset fund year-on-year increase
- Nearly 57%
- Positive flows
- Multi-asset allocation funds recorded positive flows for 60 consecutive months
- Gold price highs
- Gold recorded 11 new highs in the first two months of 2026
Quotes
Rahul Rege
CEO - Broking at Emkay Global Financial Services
“As commodity markets become deeper and more institutional, the role of broking firms must evolve from execution to becoming multi-asset advisors and risk-management partners.”
thehansindia.com
Sources
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