Gold & Silver ETFs Fall Again as Bank, IT & Defence Funds Rally

Mumbai, Nov 2: Gold and silver exchange-traded funds (ETFs) traded lower across the board on Monday, with all 26 gold funds and all 19 silver funds in the red. Gold took the heavier hit, with its funds down 1.34 to 2.10 per cent, against 0.74 to 1.51 per cent for silver. Bank, information technology (IT) and defence ETFs were all higher. 

Gold and silver led trading. SilverBeES (SILVERBEES) was the most traded ETF overall at Rs 289.01 crore, followed by GoldBeES (GOLDBEES) at Rs 267.35 crore. Put together, the 26 gold funds traded Rs 553.19 crore against Rs 493.03 crore for the 19 silver funds. NiftyBeES (NIFTYBEES) rose 1.13 per cent to Rs 265.85. 

Gold ETFs take the heavier hit as all 26 funds slip 

GoldBeES slipped 1.80 per cent to Rs 113.16 from Rs 115.23. Tata Gold ETF (TATAGOLD) lost 1.70 per cent to Rs 13.33 on Rs 70.64 crore of traded value, and GoldIETF (GOLDIETF) shed 1.83 per cent to Rs 117.18. IVZINGOLD was the weakest at 2.10 per cent, and BBNPPGOLD the mildest at 1.34 per cent. 

GoldBeES is down 5.11 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 15.21 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 fall less, but the monthly slide runs deeper 

SilverBeES dropped 1.04 per cent to Rs 171.54 from Rs 173.34. SILVERIETF lost 1.20 per cent to Rs 178.93 on Rs 40.15 crore of traded value, and Tata Silver ETF (TATSILV) fell 0.96 per cent to Rs 17.48. MOSILVER was the weakest at 1.51 per cent, and SILVERBND the mildest at 0.74 per cent. 

On the flagship funds, gold fell about 1.7 times as hard as silver, but silver’s 30-day loss of 16.95 per cent is over three times the gold loss. SilverBeES trades about 52 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 rally, with PSU funds leading 

All 14 ETFs tracking the Nifty Bank index rose, in a range from 0.34 to 0.82 per cent. BankBeES (BANKBEES) added 0.58 per cent to Rs 568.74. PSU bank funds did better, with all eight higher by 0.94 to 1.45 per cent. PSU Bank BeES (PSUBNKBEES) gained 1.37 per cent to Rs 92.90. 

IT ETFs gain as ITBeES extends the monthly rebound 

All 10 IT ETFs rose, with gains from 0.10 to 1.15 per cent. ITBeES (ITBEES), the most traded at Rs 30.09 crore, added 0.69 per cent to Rs 36.48. ITBeES is up 15.46 per cent over 30 days, though still about 18 per cent below its 52-week high of Rs 44.27. 

Defence ETFs rise across the board 

Nifty India Defence ETF by Motilal Oswal (MODEFENCE) gained 1.65 per cent to Rs 96.79 on Rs 10.38 crore of traded value, and Groww’s defence ETF (GROWWDEFNC) added 1.50 per cent to Rs 88.05. SBIDEFETF led the group with a 2.32 per cent gain. MODEFENCE is still down 5.45 per cent over 30 days and about 14 per cent below its 52-week high of Rs 112, though it is up 6.78 per cent over one year. 

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

Category	Representative ETF	LTP (Rs)	% Change	Trend
Gold	GoldBeES	113.16	-1.80%	All 26 lower
Silver	SilverBeES	171.54	-1.04%	All 19 lower
Bank	BankBeES	568.74	+0.58%	All 14 higher
IT	ITBeES	36.48	+0.69%	All 10 higher
Defence	MODEFENCE	96.79	+1.65%	All 4 higher

Source

• https://www.nseindia.com/market-data/exchange-traded-funds-etf
• Gold and silver ETFs fell again, gold more, while bank, IT and defence ETFs rose across the board.