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Economic Times
2 days ago
- Business
- Economic Times
Silver ETFs offer upto 7% return in one week. Will the uptrend continue?
Silver ETFs surged up to 7% last week, with strong monthly gains driven by rising industrial demand, geopolitical tensions, and bullish investor sentiment. Silver ETFs have offered upto 7% return in the last one week and gave an average return of 6.29% in the same period. There were around 26 funds based on silver commodity in the said period. UTI Silver ETF offered the highest return of around 7.01% in the last week, followed by Tata Silver ETF which gave 6.68% return in the same period. Kotak Silver ETF FoF and Tata Silver ETF FoF gave 6.35% and 6.22% returns respectively in the mentioned period. Also Read | RBI slashes rates by 50 bps: What it means for debt mutual fund investors HDFC Silver ETF offered a return of 6.18% in the last one week. Nippon India Silver ETF and Edelweiss Silver ETF gave 6.17% return each in the said period. Zerodha Silver ETF delivered a return of 6.08% in the mentioned time period. Groww Silver ETF FOF offered the lowest return of around 5.71%. An expert mentioned that Silver has seen a structural turnaround since its 2020 lows, driven by a combination of safe-haven demand during global crises, rising geopolitical tensions, and booming industrial use in clean energy technologies.'Silver has surged nearly 60% over the past two years, with prices rising from Rs 87,000 to Rs 1,04,500 in 2025 alone. With continued volatility in global markets and robust demand from sectors like solar and EVs, & geopolitical problems on war front between Russia & Ukraine, Silver remains poised to test Rs 1,10,000–Rs 1,20,000 this year. The outlook stays bullish, favoring a buy-on-dips strategy,' Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities shared with the last one month, these commodity based ETFs have delivered upto 12% return and out of 23 funds in the same period, 17 funds gave double-digit returns. UTI Silver ETF being the topper gave 11.50% return in the last one month. Mirae Asset Silver ETF and DSP Silver ETF gave 10.35% return in the last one month Silver ETF gained 10.31% in the last one month. UTI Silver ETF FoF was the last one to deliver a double-digit return. The fund gave 10.01% return in the same Silver ETF FOF gave 9.23% return in the last one month and Tata Silver ETF gave 9.17% return. Also Read | Nilesh Shah praises RBI's bold rate cut, says even Trump may urge Fed to follow Another expert is of the opinion that amid escalating geopolitical tensions and trade uncertainties, both gold and silver have surged, but silver is emerging as a strong contender. 'Silver, buoyed by industrial demand from sectors like EVs and solar, offers higher growth potential despite greater volatility. With silver prices surpassing Rs 1 lakh/kg and expected to rise further, experts suggest a diversified allocation—6–8% in gold and 12–15% in silver,' Jigar Trivedi, Senior Research Analyst - Currencies and Commodities, Reliance Securities Limited told adds that, 'A balanced approach can help investors benefit from both stability and upside in 2025. Comex silver may appreciate to $36-37/oz as the current rally is supported by the weak dollar, strong industrial demand and safe haven appeal. MCX Silver is all set to travel to Rs 110,000/kg in a month. The outlook is positive.' (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
Silver ETFs offer upto 7% return in one week. Will the uptrend continue?
Silver ETFs have offered upto 7% return in the last one week and gave an average return of 6.29% in the same period. There were around 26 funds based on silver commodity in the said period. UTI Silver ETF offered the highest return of around 7.01% in the last week, followed by Tata Silver ETF which gave 6.68% return in the same period. Kotak Silver ETF FoF and Tata Silver ETF FoF gave 6.35% and 6.22% returns respectively in the mentioned period. Also Read | RBI slashes rates by 50 bps: What it means for debt mutual fund investors Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later [Video] getfittoday Undo HDFC Silver ETF offered a return of 6.18% in the last one week. Nippon India Silver ETF and Edelweiss Silver ETF gave 6.17% return each in the said period. Zerodha Silver ETF delivered a return of 6.08% in the mentioned time period. Groww Silver ETF FOF offered the lowest return of around 5.71%. Live Events An expert mentioned that Silver has seen a structural turnaround since its 2020 lows, driven by a combination of safe-haven demand during global crises, rising geopolitical tensions, and booming industrial use in clean energy technologies. 'Silver has surged nearly 60% over the past two years, with prices rising from Rs 87,000 to Rs 1,04,500 in 2025 alone. With continued volatility in global markets and robust demand from sectors like solar and EVs, & geopolitical problems on war front between Russia & Ukraine, Silver remains poised to test Rs 1,10,000–Rs 1,20,000 this year. The outlook stays bullish, favoring a buy-on-dips strategy,' Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities shared with ETMarkets. In the last one month, these commodity based ETFs have delivered upto 12% return and out of 23 funds in the same period, 17 funds gave double-digit returns. UTI Silver ETF being the topper gave 11.50% return in the last one month. Mirae Asset Silver ETF and DSP Silver ETF gave 10.35% return in the last one month period. Edelweiss Silver ETF gained 10.31% in the last one month. UTI Silver ETF FoF was the last one to deliver a double-digit return. The fund gave 10.01% return in the same period. SBI Silver ETF FOF gave 9.23% return in the last one month and Tata Silver ETF gave 9.17% return. Also Read | Nilesh Shah praises RBI's bold rate cut, says even Trump may urge Fed to follow Another expert is of the opinion that amid escalating geopolitical tensions and trade uncertainties, both gold and silver have surged, but silver is emerging as a strong contender. 'Silver, buoyed by industrial demand from sectors like EVs and solar, offers higher growth potential despite greater volatility. With silver prices surpassing Rs 1 lakh/kg and expected to rise further, experts suggest a diversified allocation—6–8% in gold and 12–15% in silver,' Jigar Trivedi, Senior Research Analyst - Currencies and Commodities, Reliance Securities Limited told ETMarkets. He adds that, 'A balanced approach can help investors benefit from both stability and upside in 2025. Comex silver may appreciate to $36-37/oz as the current rally is supported by the weak dollar, strong industrial demand and safe haven appeal. MCX Silver is all set to travel to Rs 110,000/kg in a month. The outlook is positive.'
Time of India
2 days ago
- Business
- Time of India
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks rallied between 2-7% after RBI hiked the Loan-to-Value (LTV) ratio limit for gold loans below Rs 2.5 lakh, which will be revised to 85% from 75% as part of the latest norms. Shares of Muthoot Finance, Manappuram Finance, and IIFL Finance rallied upto 7%, 5%, and 5% respectively. Muthoot Finance is currently trading at Rs 2,440 up from day's low of Rs 2,284. On the other hand, Manappuram Finance is trading at Rs 245 up from day's low of Rs 233. And IIFL Finance is currently trading at Rs 449 up from day's low of Rs 428. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Also Read | RBI slashes rates by 50 bps: What it means for debt mutual fund investors The RBI Governor also clarified that small-ticket gold loans will not require credit appraisal, and end-use monitoring will be limited to loans under the Priority Sector Lending (PSL) category. These simplified norms aim to reduce paperwork, expedite processing, and ease compliance for lenders. "There was nothing new in the draft norms on gold loans. We have consolidated all other norms. We have seen that some regulated entities were not following the norms because there was no clarity hence we have consolidated it. We will today or Monday morning release the final guidelines,' the Governor said. Live Events Earlier, last week, the Ministry of Finance had recommended revisions to RBI's draft directions on lending against gold collateral, including postponing the implementation. The Department of Financial Services (DFS) proposed that gold loans under Rs 2 lakh should be exempted from the proposed regulatory requirements. DFS stated that this step was required to ensure timely and speedy disbursement of loans for such small-ticket borrowers. Reserve Bank of India has slashed down the repo rate by another 50 basis points to 5.50% and announced a 100 basis point CRR cut. Also Read | Nilesh Shah praises RBI's bold rate cut, says even Trump may urge Fed to follow This is the third consecutive rate cut by RBI in the current calendar year and the second one in the current financial year. This marks the third consecutive cut under Governor Malhotra. In February and April, the apex bank had reduced the repo rate by 25 basis points each. Before this, the repo rate was held at 6.5% for 11 consecutive meetings. 'Core inflation remained largely steady and contained during March-April, despite increase in gold prices exerting upward pressure,' Governor said in his policy statement.
Time of India
3 days ago
- Business
- Time of India
RBI delivers on growth, time to shift focus to structural reforms: Nilesh Shah
"It is not a bit of a surprise. It is a big surprise. After nudges in the initial power play, RBI has changed gears by front loading pro-growth measures. Both the bond market and the equity market has been positively surprised. The yields had gone down from 6.20 to 6.12 based on 50 basis point rate cut. It bounced back to 6.20 when they realised that stance has changed to neutral and again, it started coming down when the CRR cut announcement came," says Nilesh Shah , MD, Kotak AMC . In cricket parlance, he has hit two shots which is more than the run rate which was required, you talk about CRR, you talk about repo rate cut , but he has also sent a googly in terms of change of stance. How should market interpret it? Nilesh Shah: Well, after hitting two sixes, when the run rate is well under control, it is prudent to play the next ball cautiously rather than going for a third six, that is exactly what Mr Gandhi explained. RBI has frontloaded repo rate cut and liquidity measure to support growth. Now, it is time to be focusing on other parts of the economy, other parts of the banking rather than continue to give hope to the market that more rate cuts are coming. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo I wanted to have your take on the markets as well because this particular move by the RBI, the markets are rejoicing the fact because Nifty Bank, look at the move, it is more than the 600 points of jump, getting into that all-time high zone; along with that Nifty 50, it is a double century once again, near to that 25,000 mark. Yes, it has been a bit of a surprise. But which sector can actually surprise on the upside because this news flow is indeed positive for banks, NBFC, real estate, and the list is long. Nilesh Shah: So, it is not a bit of a surprise. It is a big surprise. After nudges in the initial power play, RBI has changed gears by front loading pro-growth measures. Both the bond market and the equity market has been positively surprised. The yields had gone down from 6.20 to 6.12 based on 50 basis point rate cut. It bounced back to 6.20 when they realised that stance has changed to neutral and again, it started coming down when the CRR cut announcement came. Same thing happened in the banking sector and broad market. It came down when they heard repo rate was cut by 50 basis point as it would have impacted banks NIM margin, bounced back once they realised there is CRR cut happening. Overall, both debt and equity market will be positively surprised by this front-loading of growth measures. And now, actually, I have a worry, I hope President Trump does not borrow RBI governor to manage US Fed. Help us understand the impact that you see of this surge in liquidity that will now eventually take place, the impact of that on the bond market. Do you believe the bond yield curve would flatten out because we did see a little bit of a spike coming in around 10:15 or so when the announcement was made about the surge in liquidity, where do you see the bond market headed from here? Nilesh Shah: So, the bond market's immediate reaction will be to do a parallel shift down. The short, medium, long all will come down to reflect 50 basis point rate cut adjustment. Then, the short end may come further down because of the liquidity measures from having probably adequate liquidity or maybe if I can begin there was a time when there was excessive liquidity of more than 10 lakh crore in banking system, then it became adequate liquidity, then it became deficient liquidity, then it again became adequate liquidity, and now, we are probably at the stage between RBI OMO, the dollar swap, and the RBI dividend and CRR cut about 12 lakh crore of liquidity has been imparted into the system. Clearly, when liquidity improves, the short end comes further down. The spread between 10 and 30 year is 60 basis point yesterday evening. I am sure that is likely to narrow further. Live Events So, we will see first parallel move down on yield curve, then short yield curve coming further down, and eventually long yield also, long end of the curve also coming down little bit.
Economic Times
3 days ago
- Business
- Economic Times
RBI delivers on growth, time to shift focus to structural reforms: Nilesh Shah
"It is not a bit of a surprise. It is a big surprise. After nudges in the initial power play, RBI has changed gears by front loading pro-growth measures. Both the bond market and the equity market has been positively surprised. The yields had gone down from 6.20 to 6.12 based on 50 basis point rate cut. It bounced back to 6.20 when they realised that stance has changed to neutral and again, it started coming down when the CRR cut announcement came," says Nilesh Shah, MD, Kotak AMC. ADVERTISEMENT In cricket parlance, he has hit two shots which is more than the run rate which was required, you talk about CRR, you talk about repo rate cut, but he has also sent a googly in terms of change of stance. How should market interpret it? Nilesh Shah: Well, after hitting two sixes, when the run rate is well under control, it is prudent to play the next ball cautiously rather than going for a third six, that is exactly what Mr Gandhi explained. RBI has frontloaded repo rate cut and liquidity measure to support growth. Now, it is time to be focusing on other parts of the economy, other parts of the banking rather than continue to give hope to the market that more rate cuts are coming. I wanted to have your take on the markets as well because this particular move by the RBI, the markets are rejoicing the fact because Nifty Bank, look at the move, it is more than the 600 points of jump, getting into that all-time high zone; along with that Nifty 50, it is a double century once again, near to that 25,000 mark. Yes, it has been a bit of a surprise. But which sector can actually surprise on the upside because this news flow is indeed positive for banks, NBFC, real estate, and the list is long. Nilesh Shah: So, it is not a bit of a surprise. It is a big surprise. After nudges in the initial power play, RBI has changed gears by front loading pro-growth measures. Both the bond market and the equity market has been positively surprised. The yields had gone down from 6.20 to 6.12 based on 50 basis point rate cut. It bounced back to 6.20 when they realised that stance has changed to neutral and again, it started coming down when the CRR cut announcement came. Same thing happened in the banking sector and broad market. It came down when they heard repo rate was cut by 50 basis point as it would have impacted banks NIM margin, bounced back once they realised there is CRR cut happening. Overall, both debt and equity market will be positively surprised by this front-loading of growth measures. And now, actually, I have a worry, I hope President Trump does not borrow RBI governor to manage US Fed. Help us understand the impact that you see of this surge in liquidity that will now eventually take place, the impact of that on the bond market. Do you believe the bond yield curve would flatten out because we did see a little bit of a spike coming in around 10:15 or so when the announcement was made about the surge in liquidity, where do you see the bond market headed from here? Nilesh Shah: So, the bond market's immediate reaction will be to do a parallel shift down. The short, medium, long all will come down to reflect 50 basis point rate cut adjustment. Then, the short end may come further down because of the liquidity measures from having probably adequate liquidity or maybe if I can begin there was a time when there was excessive liquidity of more than 10 lakh crore in banking system, then it became adequate liquidity, then it became deficient liquidity, then it again became adequate liquidity, and now, we are probably at the stage between RBI OMO, the dollar swap, and the RBI dividend and CRR cut about 12 lakh crore of liquidity has been imparted into the system. Clearly, when liquidity improves, the short end comes further down. The spread between 10 and 30 year is 60 basis point yesterday evening. I am sure that is likely to narrow further. So, we will see first parallel move down on yield curve, then short yield curve coming further down, and eventually long yield also, long end of the curve also coming down little bit. (You can now subscribe to our ETMarkets WhatsApp channel)
