Gold and Silver ETFs Slip as IT Funds Rally; Bank ETFs Firm, Defence Mixed

Mumbai, Oct 29: Gold and silver exchange-traded funds (ETFs) lost ground on Thursday, with all 26 gold funds and all 19 silver funds trading lower. Silver again took the heavier blow, with its funds down between 1.64 and 1.97 per cent, against 0.08 to 0.65 per cent for gold. Information technology (IT) ETFs rose across the board, bank ETFs were mostly higher, and defence ETFs were mixed. 

Silver and gold drew the most money among all ETFs. SilverBeES (SILVERBEES) was the most traded fund at Rs 253.12 crore, well ahead of LiquidBeES (LIQUIDBEES) at Rs 92.72 crore, and GoldBeES (GOLDBEES) also came third at Rs 91.55 crore. NiftyBeES (NIFTYBEES) moved the other way, gaining 0.51 per cent to Rs 260.91, in sharp contrast. 

Silver ETFs slide again as monthly loss tops 12% 

SilverBeES dropped 1.75 per cent to Rs 180.39 from Rs 183.61. Tata Silver ETF (TATSILV) lost 1.82 per cent to Rs 18.37 on Rs 31.82 crore of traded value, and HDFC Silver ETF (HDFCSILVER) slid 1.85 per cent to Rs 180.32. SILVERAG was the weakest at 1.97 per cent, and SILVER001 the mildest at 1.64 per cent. 

SilverBeES is down 12.84 per cent over 30 days and trades about 50 per cent below its 52-week high of Rs 360, though it is still up 37.22 per cent over one year. 

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Gold ETFs lose less, with a milder monthly dip 

GoldBeES slipped 0.48 per cent to Rs 116.57 from Rs 117.13. Tata Gold ETF (TATAGOLD) eased 0.44 per cent to Rs 13.71 on Rs 21.42 crore of traded value, and GoldIETF (GOLDIETF) lost 0.58 per cent to Rs 120.81. IVZINGOLD fell the most at 0.65 per cent, while AONEGOLD lost just 0.08 per cent. 

On the flagship funds, silver fell more than three and a half times as hard as gold. GoldBeES is down 3.33 per cent over 30 days, about a quarter of the silver loss, and sits roughly 21 per cent below its 52-week high of Rs 148.14, though it has gained 20.95 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 mostly higher, PSU funds lead 

Of the 14 ETFs tracking the Nifty Bank index, 12 rose, one fell and one was flat, in a range from a 0.01 per cent loss to a 0.82 per cent gain. BankBeES (BANKBEES) rose 0.55 per cent to Rs 564.94 on Rs 9.87 crore of traded value. PSU bank funds did better, with all seven Nifty PSU Bank ETFs higher, and PSU Bank BeES (PSUBNKBEES) added 1.09 per cent to Rs 91.67. 

IT ETFs rise across the board 

All 10 IT ETFs rose, with gains ranging from 0.64 to 2.02 per cent. ITBeES (ITBEES), the most traded at Rs 12.44 crore, gained 0.97 per cent to Rs 35.35, and ITIETF rose 1.11 per cent to Rs 35.37. The fund with the ticker IT led the group, up 2.02 per cent at Rs 35.41. ITBeES is now up 12.10 per cent over 30 days, though it is still about 20 per cent below its 52-week high of Rs 44.27. 

Defence ETFs end mixed 

Defence funds did not move together. Nifty India Defence ETF by Motilal Oswal (MODEFENCE) lost 0.24 per cent to Rs 96.22 on Rs 3.53 crore of traded value and Groww’s defence ETF (GROWWDEFNC) eased 0.19 per cent to Rs 87.60, while DEFENCE rose 0.34 per cent to Rs 73.58. MODEFENCE is down 4.93 per cent over 30 days and about 14 per cent below its 52-week high of Rs 112, though it is up 8.71 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, silver far more, while IT and bank ETFs rose and defence ETFs were mixed.