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 NYT: A Strong U.S. Dollar Weighs on the World READ MORE Russia's Central Bank Adapts Gold Buying Strategy Amid Rouble's Rise READ MORE Gold Prices Soar to Unprecedented Heights Amid Anticipation of Fed Rate Cuts READ MORE CBS News: Top 4 Reasons to Add Gold to Your Portfolio READ MORE Metals Close Mixed on Final Trading Day — Gold Up 14% for the Year READ MORE Add a Comment Cancel replyYour email address will not be published.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