Silver ETF Prices: Indian silver exchange-traded funds (ETFs) crashed up to 20% on Thursday in a dramatic reversal, wiping out their premium to international and physical markets as investors fled amid heightened volatility in precious metals. Nippon India Silver ETF, ICICI Prudential Silver ETF, and Kotak Silver ETF each plummeted 19-20% in morning trade, falling below their indicative net asset values (iNAVs) as what had been an abnormally steep premium evaporated and transformed into a discount.
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Kalyan Jewellers Share Price Crashes 14%, Hits 19-Month Low After Heavy Selling
Shares of Kalyan Jewellers India Ltd tumbled sharply on Wednesday, January 21, extending a prolonged slide and hitting a 19-month low amid heavy volumes. The stock fell nearly 14 percent intraday to Rs 389.1 before recouping some losses. It was trading down 11 percent at Rs 401.6 on NSE in the early afternoon session. Kalyan Jewellers’ shares are down 17.6 percent over the past year, markedly underperforming the broader market.
Gold Price Hits Record High Amid Global Tensions and Market Volatility
Gold price have touched a record high, supported by rising geopolitical tensions and growing uncertainty in global financial markets. Investors across the world are turning towards gold as a safe-haven asset, leading to strong demand and higher prices.
Silver Price Jumps Sharply, Crosses ₹3 Lakh Per Kg for First Time
Silver prices in India have witnessed a strong rally and have crossed the ₹3 lakh per kilogram mark, creating fresh excitement among investors and traders. This sharp rise in silver prices reflects growing demand, global cues, and increased interest in precious metals.
Can Gold ETFs Help India Reduce Current Account Deficit? Explained Simply
India has a strong emotional and cultural connection with gold. Every year, Indians buy a large quantity of physical gold like jewellery, coins, and bars. Because India does not produce enough gold locally, most of it is imported, which increases the Current Account Deficit (CAD).