Silver and gold ETFs fall up to 4% as precious metals slide for second day. What's next?
Silver and gold commodity-based ETFs fell up to 4% on Tuesday after precious metal futures opened lower on the MCX amid subdued global cues, extending losses for a second straight session.
Edelweiss Silver ETF and ICICI Prudential Silver ETF declined the most, slipping about 4%, followed by Zerodha Silver ETF, which dropped nearly 3%. Other schemes — including Kotak Silver ETF, Tata Silver ETF, Groww Silver ETF, SBI Silver ETF and DSP Silver ETF — were down up to 2% each.
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Baroda BNP Paribas Gold ETF lost around 4% to hit today’s low of Rs 146.8. Nearly eight funds, including UTI Gold ETF, Nippon India Gold ETF, Zerodha Gold ETF, HDFC Gold ETF, were down up to 2% each.
MCX Gold futures due April 2026 were down Rs 1,210 or 0.80% to Rs 1,53,550 per 10 grams. Meanwhile, silver futures for March 5, 2026, delivery declined by Rs 4,685 or 2% to Rs 2,35,206 per kg.
In the previous session, MCX Gold futures due April 2026 were down Rs 1,000 or 0.64% to Rs 1,54,897 per 10 grams. Meanwhile, silver futures for March 5, 2026, delivery rose by Rs 310 or 0.13% to Rs 2,40,201 per kg.
Abhishek Bhilwaria, BhilwariaMF, AMFI registered MFD shared with ETMutualFunds that the gold and silver rally, which saw gold cross $5,000 per ounce and silver reach record levels earlier in 2026, has entered a volatile consolidation phase as of February 17, 2026, driven by a strengthening U.S. Dollar and profit-booking by investors.
Post-rally, a disciplined approach is required: existing investors should consider partial profit-booking if their precious metals allocation exceeds 25–30% of their portfolio, while new investors are encouraged to avoid chasing the peak and instead use price corrections for staggered, incremental buying through ETFs or Sovereign Gold Bonds, Bhilwaria further said.
The trading activity remained thin as key Asian markets — including Mainland China, Hong Kong, Singapore, Taiwan and South Korea — were closed for the Lunar New Year holidays.
In the international market, Gold prices declined on Tuesday, weighed down by a firmer U.S. dollar, which pressured bullion.
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Manoj Kumar Jain of Prithvi Finmart said that both precious metals are witnessing heightened volatility. Silver is likely to hold its support at $65 per troy ounce, while gold could maintain support near $4,770 per troy ounce on a weekly closing basis.
Jain further recommended avoiding fresh trades in silver until markets stabilise. For gold, he recommends buying on dips around the Rs 1,53,800–1,53,100 zone, with a stop loss below Rs 1,52,500 and an upside target of Rs 1,55,000–1,55,800, strictly for intraday trades.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
Edelweiss Silver ETF and ICICI Prudential Silver ETF declined the most, slipping about 4%, followed by Zerodha Silver ETF, which dropped nearly 3%. Other schemes — including Kotak Silver ETF, Tata Silver ETF, Groww Silver ETF, SBI Silver ETF and DSP Silver ETF — were down up to 2% each.
Also Read | Mutual funds increase investments in PSU banks in January; weight hits 3-year high
Baroda BNP Paribas Gold ETF lost around 4% to hit today’s low of Rs 146.8. Nearly eight funds, including UTI Gold ETF, Nippon India Gold ETF, Zerodha Gold ETF, HDFC Gold ETF, were down up to 2% each.
MCX Gold futures due April 2026 were down Rs 1,210 or 0.80% to Rs 1,53,550 per 10 grams. Meanwhile, silver futures for March 5, 2026, delivery declined by Rs 4,685 or 2% to Rs 2,35,206 per kg.
In the previous session, MCX Gold futures due April 2026 were down Rs 1,000 or 0.64% to Rs 1,54,897 per 10 grams. Meanwhile, silver futures for March 5, 2026, delivery rose by Rs 310 or 0.13% to Rs 2,40,201 per kg.
Abhishek Bhilwaria, BhilwariaMF, AMFI registered MFD shared with ETMutualFunds that the gold and silver rally, which saw gold cross $5,000 per ounce and silver reach record levels earlier in 2026, has entered a volatile consolidation phase as of February 17, 2026, driven by a strengthening U.S. Dollar and profit-booking by investors.
Post-rally, a disciplined approach is required: existing investors should consider partial profit-booking if their precious metals allocation exceeds 25–30% of their portfolio, while new investors are encouraged to avoid chasing the peak and instead use price corrections for staggered, incremental buying through ETFs or Sovereign Gold Bonds, Bhilwaria further said.
The trading activity remained thin as key Asian markets — including Mainland China, Hong Kong, Singapore, Taiwan and South Korea — were closed for the Lunar New Year holidays.
In the international market, Gold prices declined on Tuesday, weighed down by a firmer U.S. dollar, which pressured bullion.
Also Read | HDFC Balanced Advantage Fund cuts stake in HDFC Bank, M&M, HAL, 15 other stocks in Jan
Manoj Kumar Jain of Prithvi Finmart said that both precious metals are witnessing heightened volatility. Silver is likely to hold its support at $65 per troy ounce, while gold could maintain support near $4,770 per troy ounce on a weekly closing basis.
Jain further recommended avoiding fresh trades in silver until markets stabilise. For gold, he recommends buying on dips around the Rs 1,53,800–1,53,100 zone, with a stop loss below Rs 1,52,500 and an upside target of Rs 1,55,000–1,55,800, strictly for intraday trades.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
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