Silver and gold commodity-based ETFs slipped up to 6% on Thursday after the US Federal Reserve (Fed) on Wednesday left its benchmark interest rate unchanged at 3.5%–3.75% and maintained a hawkish tone, indicating less urgency to cut rates.

HDFC Silver ETF slipped the most, falling around 6% to hit the day’s low of Rs 223.71, compared with the previous close of Rs 237.23. Aditya Birla Sun Life Silver ETF and UTI Silver ETF fell 5% each, while other ETFs in the category declined between 3% and 4%.

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Three gold ETFs – ICICI Prudential Gold ETF, SBI Gold ETF, Edelweiss Gold ETF – fell 4% each, whereas the other ETFs went down 2% to 3%.

Anup Bhaiya, Founder of Money Honey Wealth Services, shared with ETMutualFunds that yesterday, gold dipped below $5,000 and silver fell sharply to around $77–$79 amid hotter inflation data and a stronger dollar ahead of the Fed decision.

For investors, this correction offers a compelling entry point—precious metals’ safe-haven appeal and inflation-hedging role remain intact amid persistent global uncertainties, he added.

MCX silver futures due May 2026 were down Rs 3,852 or 1.5 % to Rs 2,44,342 per kg. Meanwhile, gold futures for April 2026 delivery declined Rs 1,313 or 1% to Rs 1,51,712 per 10 grams.

In the international market, yellow metal prices edged higher on Thursday. Spot gold rose 0.8% to $4,856.82 per ounce as of 0115 GMT, after falling earlier to its lowest level since February 6. The metal had declined 3.7% in the previous session. Meanwhile, spot silver advanced 1.5% to $76.52 per ounce.

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For investors today, the best move is to stay disciplined and continue your SIPs regardless of short-term market noise. Since the market is currently experiencing volatility due to global geopolitical tensions, stopping your investments now would mean missing out on the opportunity to buy more units at lower prices, a benefit known as rupee cost averaging, Abhishek Bhilwaria, BhilwariaMF, AMFI registered MFD told ETMutualFunds.

Instead of trying to time the “bottom,” focus on your long-term financial goals and consider a diversified portfolio with a healthy mix of large-cap and flexi-cap funds. If you have extra cash, avoid a single lump-sum entry; instead, stagger your investments over the next few months to smooth out your purchase price while the market stabilizes, he further added.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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