Gold, Silver ETFs Hit Record Highs: Precious Metals Continue Bull Run

Gold and silver ETFs surged sharply on January 21, reaching fresh lifetime highs as investors flocked to the safety of precious metals. The rally mirrors the sharp upward movement in gold and silver prices in domestic futures markets, reflecting rising global uncertainties.

The surge comes amid heightened geopolitical tensions and global market volatility, driving investors toward safe-haven assets. Gold and silver ETFs have become an easy and liquid way for investors to participate in this historic bull run.

Market Performance

• Gold Futures:
  • February expiry rose over 5%, crossing ₹1,58,000 per 10 grams.
  • April expiry gained 5%, reaching ₹1,66,048 per 10 grams.
  • June expiry jumped 6%, touching ₹1,71,620 per 10 grams.
• Silver Futures:
  • March expiry increased by 3.5%, crossing ₹3.3 lakh per kilogram.
  • May expiry rose 4%, reaching ₹3.47 lakh per kilogram.
  • July expiry climbed 5%, hitting ₹3.61 lakh per kilogram.

The gains in futures markets were reflected almost immediately in ETFs, with multiple schemes touching 52-week highs.

Gold ETFs Performance

Gold ETFs saw widespread gains, with many funds climbing 5–8% in value:

• Top performers:
  • Invesco India Gold ETF surged ~8%, hitting ₹13,900.
  • ICICI Pru Gold ETF, LIC Gold ETF, Motilal Oswal Gold ETF, Edelweiss Gold ETF, and Axis Gold ETF gained over 7% each.
• Other notable ETFs:
  • BNP Paribas Gold ETF, Groww Gold ETF, Tata Gold ETF, Quantum Gold ETF, Kotak Gold ETF rose ~7%.
  • Angel One Gold ETF, Zerodha Gold ETF, Aditya Birla Gold ETF, DSP Gold ETF increased over 6%.
  • Union Gold ETF, HDFC Gold ETF, SBI Gold ETF, Nippon Gold ETF (Goldbees), Mirae Asset Gold ETF jumped over 5%.
  • Choice Gold ETF and UTI Gold ETF gained ~5%.

Silver ETFs Performance

Silver ETFs mirrored the strong gains seen in silver futures, with multiple funds reaching new highs:

• Top gainers:
  • Tata Silver ETF jumped ~7%, reaching ₹33.50.
  • Aditya Birla Silver ETF and Mirae Asset Silver ETF gained ~5% each.
• Other performers:
  • Axis Silver ETF and Nippon Silver ETF (Silverbees) rose ~4%.
  • Zerodha Silver ETF, ICICI Pru Silver ETF, DSP Silver ETF, Edelweiss Silver ETF, UTI Silver ETF climbed over 3%.

The coordinated rise across gold and silver ETFs shows strong investor appetite for precious metals amid market uncertainties.

Company & ETF Details

Here’s a closer look at the leading ETFs making headlines:

• Invesco India Gold ETF: ₹13,900, up ~8%
• Tata Silver ETF: ₹33.50, up ~7%
• ICICI Pru Gold ETF: over 7% gain
• LIC Gold ETF: over 7% gain
• Motilal Oswal Gold ETF: over 7% gain
• Axis Gold ETF: over 7% gain
• Mirae Asset Silver ETF: ~5% gain
• Aditya Birla Silver ETF: ~5% gain

These ETFs provide investors a convenient and liquid way to access gold and silver without holding physical metal, making them a preferred choice during volatile times.

Summary

Gold and silver ETFs have surged to record highs, with gains across the board. The trend reflects:

• A sharp increase in gold and silver futures prices.
• Broad-based ETF rallies across multiple providers.
• Strong investor interest in safe-haven assets amid global uncertainties.

As of January 21, the precious metals market has extended its bull run, with both gold and silver ETFs hitting lifetime highs. For investors tracking gold and silver, these ETFs offer a practical and accessible way to participate in the ongoing rally.

Source: Moneycontrol