Could the rising popularity of ETFs dent Indian physical Gold demand?

Indians have a longstanding love affair with gold. Historically, they have preferred to hold physical metal. However, over the last two years, investment in Indian gold ETFs has exploded. Could surging investments into paper gold cut into physical demand?

Mar 3, 2026 - 02:00
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Could the rising popularity of ETFs dent Indian physical Gold demand?
Indians have a longstanding love affair with gold. Historically, they have preferred to hold physical metal. However, over the last two years, investment in Indian gold ETFs has exploded. Could surging investments into paper gold cut into physical demand?

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