Gold prices have recently surged to Rs 30,000, which has tempted investors to book profits and volatility in currency has also helped gains.

Gold prices as represented by the CRISIL Gold Index have risen 34 per cent in the one-year period ended June 29, 2012.

Meanwhile, money market funds witnessed outflows of Rs 25,128 crore, while equity funds saw an outflow of Rs 186 crore.

Analysts believe that these outflows are due to quarter-ending phenomena seen in the liquid and money market category, where banks and corporates redeem to meet their advance tax payments and other payments.

GoodReturns.in