Gold and Silver ETFs have seen significant declines from their record highs, with Silver ETFs dropping by up to 40% and Gold ETFs by over 15%, leaving investors who bought at peak prices feeling trapped.
In recent weeks, the stock market has experienced continued declines, coinciding with a surge in gold and silver prices, which attracted many investors towards Gold and Silver ETFs. During this past surge, numerous investors purchased these ETFs at record-high prices, anticipating further gains. However, the market has taken a downturn, prompting a significant decline in these ETFs, causing distress among investors who bought at those peaks.
Currently, the data shows that Silver ETFs have plummeted by as much as 40% from their peak values while Gold ETFs have decreased by over 15%. The ongoing drop indicates that the bad trend for these investment tools is continuing, intensifying the feeling of being trapped among those who invested when prices were at their highest. Market experts link this trend to the continuous decline in gold and silver prices in the stock market, with substantial decreases noted recently.
As of Tuesday, gold prices fell by ₹2,127, settling at ₹152,633 per gram, and silver dropped by ₹8,800 to ₹231,006 per kilo. The persistent decline in prices has also led to further downturns in Gold and Silver ETFs, which fell by more than 3% and around 2%, respectively. This situation poses a challenge for investors, many of whom now find themselves sitting on substantial losses due to untimely purchasing decisions during the market's peak.
