Gold ETFs Slip as Silver Funds Bounce Back; Bank ETFs Surge, Defence Higher, IT Mixed, Liquid Steady

Mumbai, Nov 11: Gold exchange-traded funds (ETFs) fell on Wednesday, with all 26 gold funds lower, while all 19 silver funds gained. Gold funds lost 0.91 to 2.08 per cent, against gains of 0.22 to 0.59 per cent for silver. All 29 bank ETFs rose, all four defence ETFs were higher, information technology (IT) ETFs mostly edged up, and liquid ETFs were barely changed. 

LiquidBeES (LIQUIDBEES) was the most traded ETF at Rs 258.23 crore, followed by GoldBeES (GOLDBEES) at Rs 254.89 crore and SilverBeES (SILVERBEES) at Rs 248.77 crore. Put together, the 26 gold funds traded Rs 486.26 crore against Rs 445.27 crore for the 19 silver funds. 

Gold ETFs slide as all 26 funds fall 

GoldBeES dropped 1.16 per cent to Rs 115.51 from Rs 116.86. GoldIETF (GOLDIETF) lost 1.25 per cent to Rs 119.66 on Rs 46.29 crore of traded value. GOLD360 was the weakest at 2.08 per cent, and AONEGOLD and BBNPPGOLD the mildest at 0.91 per cent. 

GoldBeES is down 4.80 per cent over 30 days and trades about 22 per cent below its 52-week high of Rs 148.14. 

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 rebound as all 19 funds gain 

SilverBeES rose 0.37 per cent to Rs 176.98 from Rs 176.32. SILVERIETF added 0.47 per cent to Rs 184.68 on Rs 75.27 crore of traded value. SILVER001 was the strongest at 0.59 per cent, and SILVER1 the mildest at 0.22 per cent. 

On the flagship funds, gold fell 1.16 per cent while silver rose 0.37 per cent. Silver’s 30-day loss of 15.91 per cent is more than three times the gold loss, and SilverBeES still trades about 51 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 

Bank ETFs surge, led by PSU funds 

All 29 Nifty Bank, private bank and PSU bank ETFs rose, by 1.02 to 4.28 per cent. BankBeES (BANKBEES) gained 2.38 per cent to Rs 631.50 on Rs 103.89 crore of traded value. PSU funds led, with GROWWPSUBK the strongest at 4.28 per cent. 

IT ETFs edge higher, seven of 10 rise 

The 10 IT ETFs ranged from a 0.14 per cent fall to a 2.10 per cent gain. ITBeES (ITBEES) rose 0.03 per cent to Rs 36.02. ITBETA was the strongest at 2.10 per cent. ITBeES is up 13.10 per cent over 30 days. 

Defence ETFs rise across the board 

All four defence ETFs gained, by 0.74 to 1.92 per cent. Nifty India Defence ETF by Motilal Oswal (MODEFENCE) rose 1.37 per cent to Rs 100.28 from Rs 98.92, and SBIDEFETF was the strongest at 1.92 per cent. 

Liquid ETFs hold steady 

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 0.02 per cent and seven were unchanged, with none lower. LiquidBeES was flat at Rs 1,000. Together the 20 funds traded Rs 634.32 crore. 

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

Category	Representative ETF	LTP (Rs)	% Change	Trend
Gold	GoldBeES	115.51	-1.16%	All 26 lower
Silver	SilverBeES	176.98	+0.37%	All 19 higher
Bank	BankBeES	631.50	+2.38%	All 29 higher
IT	ITBeES	36.02	+0.03%	7 higher, 1 lower, 2 flat
Defence	MODEFENCE	100.28	+1.37%	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 fell while silver ETFs rebounded; bank and defence ETFs rose across the board, IT funds edged higher and liquid funds were steady.