In March 2026, gold exchange-traded funds (ETFs) in India saw a dramatic 57% drop in inflows, totaling ₹2,265 crore, compared to ₹5,254 crore in February, as reported by the Association of Mutual Funds in India (AMFI). This decline reflects a broader trend affecting commodity-based ETFs, all of which reported negative returns, with silver ETFs facing outflows for the second consecutive month, amounting to ₹683 crore. The downturn in gold prices, which fell by about 7% in India and 11% in dollar terms, was attributed to a stronger dollar and rising interest rates, as indicated by Fed Chair Jerome Powell's comments on inflation. Analysts suggest that while the inflows have slowed, investor interest in gold remains positive. They recommend a strategic approach to gold investments, suggesting accumulation during price declines, while advising a staggered investment strategy for silver due to its volatility. The total assets under management for gold ETFs are recorded at ₹1.71 lakh crore, while silver ETFs stand at ₹79,805 crore.