Gold ETFs have reached a new milestone in the financial year 2025 by hitting USD 88.5 billion in net inflows. This achievement has once again confirmed the key role of this yellow metal in your portfolios in 2026.
This surge in gold ETF inflows highlights the staying power of gold as investors seek stability and shows why gold remains a go-to choice for diversifying portfolios in uncertain markets.
Nippon India Gold BeES Leads India's Gold ETF Boom
In this trend, Nippon Life India Asset Management’s main product, the Nippon India ETF Gold BeES, ranked among the top 15 gold ETFs in the world by fund flows. This ranking comes from the World Gold Council’s list published in December 2025.
In 2025, the Nippon India ETF Gold BeES received USD 1.17 billion in inflows. This achievement made it the largest Gold ETF in India & ranked it 15th among Gold ETFs worldwide. The mutual fund also dominated domestic inflows by a wide margin. No other Indian fund made it into the list of the global top 20 by flows except Nippon, displaying its leadership position in India’s rapidly expanding Gold ETF landscape.
This recognition comes at a time when global markets are unpredictable and investors are increasingly turning to gold-backed ETFs to protect themselves from economic uncertainty.
Must Read: Gold ETF vs Gold Bees 2026 | Which Gives Better Returns?
India Ranking as the Third-Largest Market for Gold ETFs
In the year 2025, India itself has shone a bright ranking in the world. With the inflows attracting USD 4.37 billion during 2025, trailing only the US and China, India has emerged as the third-largest market for gold ETF inflows worldwide. This shows that smart investors in India are choosing regulated gold options to protect themselves from economic ups and downs.
Within this domestic performance, Nippon India ETF Gold BeES performed well in the local market and was the only Indian Gold ETF to be among the Top 20 globally in terms of investment flows.
Vikram Dhawan, Head of Commodities and Fund Manager at Nippon India Mutual Fund, puts it plainly by saying, " In 2025, gold remained an important part of investment portfolios as global markets faced uncertainty. Investors dealt with currency fluctuations, changing expectations for interest rates and increased geopolitical risks".
Dhawan mentioned that gold ETFs around the world saw strong investor interest, attracting net inflows of about USD 88.5 billion this year. India was one of the top contributors, ranking among the top three countries globally for gold ETF inflows. "The stable growth of gold ETFs in India shows that more people prefer to invest in regulated options.", Dhawan added.
Top Global Leaders in Gold ETF Inflows
In 2025, marking its spot in the first position among the top 15 gold ETF inflows, North America received a total of USD 50,647 million in inflows. Asia follows with USD 25,550 million inflows at second position & Europe with USD 11,747 million at third.
On the leaders' board for top 15 gold ETF flows, SPDR Gold Shares received inflows of USD 23,361 million, ranking 1st. It is followed by iShares Gold Trust, which attracted USD 11,150 million at the 2nd position. From India, Nippon India ETF Gold BeES ranked at 15th.
On the other side, outflows hit hard for some, like Xtrackers IE Physical Gold ETC recorded the largest redemption of USD 1,468 million. At the same time, SMO Physical Gold ETC saw outflows of USD 1,392 million, placing both among the bottom 15 funds by flows.
Demand as Percentage of Holdings: Indian ETFs Shine
In 2025, the top 15 funds ranked by their demands showed that the Edelweiss Gold ETF was in 5th place. The Tata Gold Exchange Traded Fund was 6th and the Zerodha Gold ETF was 8th. This ranking is based on the percentage of holdings by the end of the year on December 31.
As 2026 begins, the demand for gold ETFs in India and elsewhere remains strong. Investors looking for protection against uncertainty should pay attention to these trends.
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