Gold and silver have corrected sharply since April, falling 11 per cent and 19 per cent, respectively, in USD terms.
Since gold ETFs and silver ETFs are designed to track the price of the underlying metal, a decline in the bullion prices weighs on them.
Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One believes that the technical set-up of Titan, Kalyan Jewellers and Hindustan Zinc suggests further upside for these stocks.
In the global market, both metals rose after a weak start, while their futures prices opened higher in the domestic market
For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:
Gold and Silver ETFs dipped 1% in Wednesday's trade due to a fall in precious metal prices. Analysts say gold is falling as fears of higher-for-longer US interest rate environment strengthened the US$
Gold and silver prices swung sharply on Thursday, recovering from steep early losses as bargain buying emerged despite pressure from a stronger dollar
Gold recovers after a weak start on domestic exchange; Comex futures trade lower
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,690
Silver ETFs bore the brunt of the correction, falling as much as 6 per cent during the session, while gold ETFs declined over 3 per cent
Analysts at Kedia Stocks and Commodities Research expect Silver prices to fall to $48.60 levels in the bear-case scenario. On the upside, they expect prices to zoom up to $170 in the next bull cycle.
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,43,190
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,45,640
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,46,110
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,46,610
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,43,190
Active equity schemes added around 1.5 million investment accounts, or folios, during the February-April 2026 period
Prices declined across Comex, MCX and exchange traded funds (ETFs), with silver prices falling nearly 4 per cent and gold prices declining around 1.5 per cent
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,48,810
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,48,510