India Ranks Third in Gold Purchases as Global ETFs Recover In May, the global gold market rebounded with gold ETFs ending a 12-month slump, driven by strong demand in Europe and Asia. Global gold ETF holdings rose to 3,088 tonnes, with assets under management reaching $234 billion, a 2% increase. India emerged as the third-largest gold buyer, purchasing $86.5 million worth. European and Asian gold ETFs saw significant inflows, while North America experienced minor outflows. Trading activities declined overall, with the average daily volume down 13% from April. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Signs of an Impending 2024 Recession, Says Citi's Top Economist READ MORE Druckenmiller Makes Bet on Gold Miners READ MORE August Jobs Data: Key to Fed's September Rate Decision READ MORE Chinese Consumers Cool on Gold — Central Bank Demand Remains Strong READ MORE American Wallets Fight Back: How Consumer Resistance is Curbing Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment