Gold and Silver ETFs Decline Sharply Despite Bullion Price Gains

Domestic gold and silver ETFs experienced significant declines of up to 8% despite gains in bullion prices on global and MCX markets. While MCX gold and silver futures rose by 1.57% and 3.51% respectively, ETFs fell sharply amid a global correction in precious metals and a strong dollar. The divergence reflects volatile price action and market consolidation, with silver-linked ETFs showing steeper losses than gold ETFs during this period.