How the tide has turned—by February, the frantic rush had slowed to a crawl, and by May, the momentum vanished. In May, investors cashed out a whopping ₹725.04 crore, the first monthly outflow since April 2025, when a mere ₹5.82 crore trickled out, Association of Mutual Funds in India (Amfi) data showed. As risk appetite returned, many gold investors booked profits and shifted money into equities.
