Gold ETFs have matched the performance achieved in the aftermath of the global financial crisis in spite of the recent fall, Times of India reports. These funds have risen more than 32% so far in 2011, though experts have sounded a note of caution on their sharp ascent. The ETFs have performed well recently but they should not be considered a high-return asset, said Dhruva Chatterji, senior research analyst, Morningstar India. Lakshmi Iyer, head, fixed-income and products at Kotak Mahindra Mutual Fund, said the yellow metal should only be used as a diversification and hedge against inflation.

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