Once part of any true blue mutual fund portfolio in India, gold exchange traded funds appear to have fallen out of investors’ grace.

Gold ETFs saw outflows of $18 million (Rs 1.12 billion) for the 15th straight month, with AUM falling 1.44% to $1.2 billion (Rs 76 billion), with the underlying yellow metal dulling the sheen of owning paper gold for investors. The price of gold too fell 0.10% in August.