Gold ETFs Rebound as Silver Funds Slide Again; Defence & Liquid ETFs Edge Higher, IT Mixed

Mumbai, Nov 3: Gold exchange-traded funds (ETFs) bounced back on Tuesday, with all 26 gold funds trading higher after Monday’s slide, while all 19 silver funds fell again. Gold funds were up 0.11 to 1.02 per cent, against losses of 1.73 to 2.36 per cent for silver. All four defence ETFs were higher, information technology (IT) ETFs were split, and liquid ETFs were barely changed. 

Silver led trading. SilverBeES (SILVERBEES) was the most traded ETF overall at Rs 274.90 crore, followed by NiftyBeES (NIFTYBEES) at Rs 179.86 crore and LiquidBeES (LIQUIDBEES) at Rs 175.29 crore. Put together, the 19 silver funds traded Rs 474.49 crore against Rs 322.05 crore for the 26 gold funds. NiftyBeES rose 1.38 per cent to Rs 269.56. 

Gold ETFs recover as all 26 funds rise 

GoldBeES gained 0.56 per cent to Rs 113.16 from Rs 112.53. Tata Gold ETF (TATAGOLD) rose 0.38 per cent to Rs 13.32 on Rs 39.01 crore of traded value, and GoldIETF (GOLDIETF) added 0.61 per cent to Rs 117.33. GOLD360 was the strongest at 1.02 per cent, and MOGOLD the mildest at 0.11 per cent. 

GoldBeES is down 7.33 per cent over 30 days and trades about 24 per cent below its 52-week high of Rs 148.14, though it is still up 12.51 per cent over one 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 

Silver ETFs extend losses as 30-day slide nears 18% 

SilverBeES dropped 1.96 per cent to Rs 168.03 from Rs 171.39. SILVERIETF lost 1.94 per cent to Rs 175.28 on Rs 37.20 crore of traded value, and Tata Silver ETF (TATSILV) fell 1.83 per cent to Rs 17.13. SILVERBND was the weakest at 2.36 per cent, and SILVER1 the mildest at 1.73 per cent. 

On the flagship funds, gold rose 0.56 per cent while silver fell 1.96 per cent, and silver’s 30-day loss of 17.88 per cent is more than twice the gold loss. SilverBeES trades about 53 per cent below its 52-week high of Rs 360. 

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 

IT ETFs mixed as five rise and five fall 

The 10 IT ETFs ranged from a 2.06 per cent fall to a 0.56 per cent gain. ITBeES (ITBEES), the most traded at Rs 19.65 crore, slipped 0.25 per cent to Rs 35.97 from Rs 36.06. ITAXIS was the weakest, down 2.06 per cent at Rs 355.02. ITBeES is up 14.91 per cent over 30 days, though it trades about 19 per cent below its 52-week high of Rs 44.27. 

Defence ETFs rise across the board 

All four defence ETFs gained, in a range from 1.01 to 1.81 per cent. Nifty India Defence ETF by Motilal Oswal (MODEFENCE) rose 1.81 per cent to Rs 98.33 from Rs 96.58 on Rs 7.43 crore of traded value, and Groww’s defence ETF (GROWWDEFNC) added 1.77 per cent to Rs 89.48. SBIDEFETF was the mildest at 1.01 per cent. MODEFENCE is still down 4.10 per cent over 30 days and about 12 per cent below its 52-week high of Rs 112, though it is up 8.31 per cent over one year. 

Liquid ETFs hold steady, with 13 of 20 marginally higher 

Liquid ETFs barely moved, as is usual for funds that track overnight rates. Of the 20 liquid and overnight ETFs, 13 rose by 0.01 to 0.03 per cent and seven were unchanged, with none lower. LiquidBeES (LIQUIDBEES), the most traded at Rs 175.29 crore, was at Rs 1,000 against Rs 999.99. Together the 20 funds traded Rs 458.64 crore. 

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

Category	Representative ETF	LTP (Rs)	% Change	Trend
Gold	GoldBeES	113.16	+0.56%	All 26 higher
Silver	SilverBeES	168.03	-1.96%	All 19 lower
IT	ITBeES	35.97	-0.25%	5 higher, 5 lower
Defence	MODEFENCE	98.33	+1.81%	All 4 higher
Liquid	LiquidBeES	1,000.00	0.00%	13 higher, 7 flat

Source

•  https://www.nseindia.com/market-data/exchange-traded-funds-etf
• Gold ETFs rebounded while silver ETFs fell again; defence ETFs rose across the board, IT funds were mixed and liquid funds were steady.