World gold ETF demand rebounds USD 6.6 billion in April; India extends influx streak to 11 months: World Gold Council
Following notable outflows in March, world bodily backed gold ETFs recorded inflows of USD 6.6 billion in the course of the month. As per the report, all areas registered optimistic flows with European funds main the restoration.
The April growth lifted world gold ETFs’ complete property below administration to USD 615 billion, which represented a 1 per cent enhance month-on-month (MoM). Collective holdings additionally rose 1 per cent to 4,137 tonnes. This determine stood because the third highest ever and remained just under the document excessive of 4,176 tonnes set on 27 February 2026.
“India recorded optimistic flows of USD 297mn in April, its eleventh consecutive month of inflows, and Japan attracted USD 246mn,” the report highlighted.
China led the Asian area in the course of the month. Funds in Hong Kong added a document USD 732 million, supported by new product listings. In the meantime, gold ETFs in mainland China continued to attract inflows of USD 498 million amid elevated geopolitical tensions, falling yields, and continued official-sector gold shopping for bulletins.
“Gold ETFs in Asia prolonged their influx streak to eight months, including USD 1.8bn in April,” the report mentioned.
Equally, European funds noticed a big influx of USD 3.7 billion in April, which flipped their year-to-date (YTD) complete from unfavorable to optimistic. The UK led this surge, whereas Switzerland and Germany additionally contributed meaningfully to the regional complete. The report famous that “optimistic flows within the area appeared linked to heightened geopolitical and geoeconomic dangers, as buyers assessed the inflationary implications of a extra protracted Iran battle and the related stress on power costs.”
With native equities retreating and the Financial institution of England performing much less hawkish than anticipated, WGC said that investor curiosity in gold is probably going strengthened as costs stabilised.
North America reversed course in April by recording inflows of USD 1 billion. The rebound remained concentrated within the first half of the month as gold recovered from its March lows and broader market pressures eased. “Flows softened once more within the again half of April because the US-Iran battle confirmed indicators of additional escalation and better alternative prices re-emerged by means of a stronger greenback and better yields,” the report talked about.
Funds in different areas recorded strong inflows of USD 106 million. In contrast to the choppier circulation patterns seen throughout main areas, these markets noticed regular, marginal shopping for all through April, led by Australia and South Africa.
The report said that world gold market buying and selling volumes fell 24 per cent MoM, to USD 398 billion per day in April. Regardless of the decline, volumes remained above the 2025 common of USD 361 billion per day, signalling ample gold market liquidity. Over-the-counter volumes declined by 10 per cent to USD 244 billion per day however stayed properly above the 2025 common.
The WGC highlighted that the positioning information pointed to a modest easing in complete COMEX web longs, which declined 4 per cent over the month to 477 tonnes. Whereas managed cash positions briefly rebuilt after the March sell-off, early-month additions of 15 tonnes have been offset by late-month promoting of round 23 tonnes.
