Indian Gold ETFs experienced record monthly inflows of over Rs 11,000 crore in December, driven by global uncertainty, expectations of monetary easing, and a strategic shift towards gold as a long-term portfolio asset. This surge marks a significant increase from previous months and the entire year, with total annual inflows reaching record highs. Investors are increasingly viewing gold as a hedge against stock market volatility and a stable investment, outperforming equity returns in some cases, though some experts anticipate moderating returns ahead.