Investors withdrew nearly ₹3,000 crore from gold and silver ETFs in May as prices retreated from record highs, triggering profit booking and portfolio reallocation
In the international market, Gold fell on Wednesday, as oil prices rose on renewed hostilities between the US and Iran, fuelling concerns about inflation and interest rate hikes.
In the international market, spot gold fell 0.2 per cent to $4,319.09 per ounce on rising fears of a US rate hike after a strong jobs report, while renewed hostilities in West Asia
Gold futures for April delivery edged higher to ₹1,56,050 per 10 gram on the MCX during the morning session, while silver futures for March delivery rose to ₹2,44,901 per kilogram
A rally in gold and silver pushed MF investor additions to an 18-month high in January, with 1.2 million new investors joining and precious metal ETFs driving most folio growth
The January inflow in Gold ETFs exceeded - albeit by a whisker - the net investment in 'growth/equity-oriented' schemes in January, which stood at Rs 24,028.59 crore, AMFI data showed
Gold and silver ETFs extended their decline amid a sharp global sell-off in precious metals, prompting BSE to revise price band calculations to T-1 NAV to better reflect heightened market volatility
At 10:33 AM, Tata Silver fell 15 per cent, Nippon Silver ETF, Mirae Asset Sharekhan, Aditya Birla Sun Life Silver ETF, and Bandhan Silver ETF slipped around 12 per cent
The value of gold, the note said, is only 60 - 70 per cent of the jewellery purchase price. The weak performance of diamonds, which form a meaningful part of the jewellery purchase price, caps gains.
On the downside, gold prices, WGC said, can slip 5 per cent to 20 per cent in CY26. For that to happen, Donald Trump's policies need to succeed, resulting in stronger-than-expected growth.