Gold exchange-traded funds, though, saw investments being pulled out for the third year in a row with outflows more than doubling to 244 tonne in 2023 from nearly 110 ton in 2022, data from the World Gold Council showed. The average prices of gold in 2023 was 8% higher on year at $1,940.54 per ounce, also an all-time high, the industry body said. Prices at the end of the year were at $2,078.4 per ounce, clocking in returns of 15% for the year.