51m ago
Silver ETFs drop over 3% as silver extends losses on rising Fed rate-hike bets; gold ETFs also fall
Silver extended its decline as rising U.S. Treasury yields and firmer expectations of a Federal Reserve rate increase pressured the metal, pushing silver ETFs down more than 3%. SBI Silver ETF fell 3.2% and ICICI Prudential Silver ETF slid 3.1%. Spot silver slipped 0.3% to $63.40 an ounce after plunging 5.5% in the prior session, while the probability of a rate hike rose to around 70%, according to Reuters. Gold ETFs also traded lower, and Brent crude climbed 6% on geopolitical conflict.
51m ago
1h ago
India gold ETF inflows surge 67% to Rs 2,596 crore in August
India’s gold ETFs recorded net inflows of Rs 2,596 crore in August, up 67% from Rs 1,558 crore in July and 19% higher than August 2025. Gold prices rose around 15% from July to August, supported by geopolitical uncertainty, a weaker dollar and falling Treasury yields. Analysts say investors should view gold mainly as a diversification tool and keep allocations appropriate, rather than chasing recent gains.
1h ago