Indian Gold, Silver ETFs drop as precious metal prices fall
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Major Indian Gold and Silver ETFs have dropped over 10% following a decline in global precious metal prices, triggered by U.S. President Donald Trump's Fed chair announcement. The ICICI Prudential Gold ETF fell 14%, HDFC GOLD ETF dropped 11.5%, and both SBI Gold ETF and Nippon India Gold ETF decreased by around 10%. Additionally, Nippon India Silver ETF fell 12%, while Tata Silver ETF and ICICI Prudential Silver ETF each dropped 10%. These ETFs had previously surged between 50% to over 100% in 2025 due to rising precious metal prices.
Source: Reuters The copyright of this article belongs to the original author/organization.
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