Gold and Silver ETFs Slide Again as Defence Funds Rebound

Mumbai, Oct 27: Gold and silver exchange-traded funds (ETFs) traded lower across the board on Tuesday, with all 26 gold funds and all 19 silver funds in the red. Silver took the heavier hit, with its funds down between 1.62 and 2.75 per cent, against 0.08 to 0.61 per cent for gold. Defence ETFs bounced, information technology (IT) funds mostly slipped and bank ETFs were mixed. 

Silver drew the most money outside liquid funds. SilverBeES (SILVERBEES) was the second most traded ETF after LiquidBeES (LIQUIDBEES) at Rs 338.84 crore, and GoldBeES (GOLDBEES) ranked fourth overall at Rs 172.49 crore. Put together, the 19 silver funds traded Rs 641.23 crore against Rs 368.24 crore for the 26 gold funds. NiftyBeES (NIFTYBEES) edged up 0.08 per cent to Rs 259.60. 

Silver ETFs fall harder as the monthly slide runs deep 

SilverBeES dropped 1.78 per cent to Rs 181.23 from Rs 184.51. SILVERIETF lost 1.77 per cent to Rs 189.17 on Rs 78.26 crore of traded value, Tata Silver ETF (TATSILV) fell 1.76 per cent to Rs 18.45, and HDFC Silver ETF (HDFCSILVER) slid 1.89 per cent to Rs 181.19. SILVER001 was the weakest at 2.75 per cent, and AONESILVER the mildest at 1.62 per cent. 

SilverBeES is down 15.67 per cent over 30 days and trades nearly 50 per cent below its 52-week high of Rs 360, though it is still up 32.98 per cent over one year. 

Investors looking to diversify beyond physical silver can also explore the list of Silver ETFs in India, which allow exposure to silver prices without the need to store physical metal: https://hdfcsky.com/etf/silver-etf 

Gold ETFs lose less, with a softer month behind them 

GoldBeES slipped 0.42 per cent to Rs 115.64 from Rs 116.13. Tata Gold ETF (TATAGOLD) eased 0.37 per cent to Rs 13.61 on Rs 43.64 crore of traded value, and GoldIETF (GOLDIETF) lost 0.49 per cent to Rs 119.79. IVZINGOLD fell the most at 0.61 per cent, while LICMFGOLD lost just 0.08 per cent. 

On the flagship funds, silver fell more than four times as hard as gold. GoldBeES is down 6.67 per cent over 30 days, less than half the silver loss, and sits roughly 22 per cent below its 52-week high of Rs 148.14, though it has gained 15.64 per cent over a year. 

Gold ETFs in India are an option for investors who want to invest in gold without buying the physical metal. Click here to know more: https://hdfcsky.com/etf/gold-etf 

Bank ETFs diverge, with PSU funds all higher 

Of the 14 ETFs tracking the Nifty Bank index, 13 fell and one rose, in a range from a 0.69 per cent loss to a 0.20 per cent gain. BankBeES (BANKBEES) lost 0.37 per cent to Rs 560.67 on Rs 18.60 crore of traded value, while Bajaj Finserv Nifty Bank ETF (BANKBETF) was the weakest, down 0.69 per cent. PSU bank funds fared better, with all eight higher. PSU Bank BeES (PSUBNKBEES) added 0.23 per cent to Rs 90.41. 

IT ETFs mostly slip as ITBeES pulls back 

Eight of the 10 IT ETFs fell, with losses from 0.06 to 0.67 per cent, while two rose. ITBeES (ITBEES), the most traded at Rs 31.83 crore, lost 0.67 per cent to Rs 35.75, and ITIETF fell 0.50 per cent to Rs 35.80. ITBeES is up 14.98 per cent over 30 days, though it is still about 19 per cent below its 52-week high of Rs 44.27. 

Defence ETFs rebound across the board 

Nifty India Defence ETF by Motilal Oswal (MODEFENCE) gained 1.52 per cent to Rs 96.32 on Rs 11.33 crore of traded value, Groww’s defence ETF (GROWWDEFNC) added 1.02 per cent to Rs 87.52, and DEFENCE rose 0.67 per cent to Rs 73.12. MODEFENCE is still down 7.95 per cent over 30 days and about 14 per cent below its 52-week high of Rs 112, though it is up 5.54 per cent over a year. 

ETF Snapshot: Silver, Gold, Bank, IT, Defence 

Source

• https://www.nseindia.com/market-data/exchange-traded-funds-etf
• Gold and silver ETFs fell again, silver far more, defence ETFs rebounded, PSU bank funds rose and IT ETFs mostly slipped.