After a three-day sell-off, gold and silver ETFs rebounded by up to 13% on Tuesday (February 3) as fresh buying emerged at lower levels on the MCX, supporting a recovery in metal prices.
MCX silver futures for March 5 surged 6%, gaining Rs 13,739 to trade at Rs 2,50,000 per kg. Gold futures for April 2 delivery climbed Rs 4,309, or 3%, to Rs 1,48,300 per 10 grams.
How gold and silver ETFs fared?
360 ONE Silver ETF rose the most, jumping about 13% to a day’s high of Rs 256 from its previous close of Rs 234. Zerodha Silver ETF advanced 11% to a day’s high of Rs 26.39, compared with its prior close of Rs 23.7.
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Mirae Asset Silver ETF, HDFC Silver ETF, UTI Silver ETF, Kotak Silver ETF and SBI Silver ETF rose up to 10% each.
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Among gold ETFs, Union Gold ETF led the gains, climbing…
