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Gold, silver ETFs log biggest single-day fall

January 31, 2026

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Business Standard

Gold and silver exchange traded funds (ETFs) in India witnessed their biggest single-day decline on Friday as precious metal prices eased after a steep rally in recent months.

- ABHISHEK KUMAR

Nippon India gold ETF, the largest in the category, tumbled 10.1 per cent on the National Stock Exchange (NSE). This is the highest single-day decline for the scheme which was launched in 2007.

The HDFC and ICICI Prudential gold ETFs, the other popular offerings, were down 8.8 percent and 9.5 percent on the NSE, respectively.

The fall in domestic ETFs followed the selloff in precious metals globally on Friday.

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