Global Gold Prices Drop 6.87% in October 2026, Indian Gold ETFs Deliver Up to 7.54% YTD Returns

Global gold prices ended October 30, 2026, at $3,875 per troy ounce, marking a monthly decline of 6.87% and standing nearly 30% below their late January peak, as per Livemint report citing a Quantum Mutual Fund report.  

Despite the international price drop, Indian gold Exchange Traded Funds (ETFs) recorded positive year to date (YTD) returns up to 7.54% as on November 9, 2026. 

Global Gold Price Movement and ETF Inflows 

The 6.87% decline in global gold prices during October 2026 occurred alongside rising oil prices, persistent inflation, elevated real bond yields, and expectations of tighter US monetary policy after the US Federal Reserve held interest rates in the 3.75% to 4.00% range on October 28, 2026.  

Globally, gold ETFs recorded cumulative net inflows of $1.2 billion through October 23, 2026, with aggregate holdings increasing by approximately 10 tonnes during the month. 

Read More: Upcoming NFO: Mirae Asset Mutual Fund Files for Mirae Asset MSCI India Capital Markets Select ETF! 

Indian Gold ETF YTD Returns as on November 9, 2026 

A weaker Indian rupee against the US dollar supported domestic gold prices by raising import costs.  

Based on Morningstar INR return data as on November 9, 2026, 360 ONE Gold ETF delivered a YTD return of 7.54%, growing a ₹1,00,000 investment to ₹1,07,540, followed by Choice Gold ETF at 6.68%, Kotak Gold ETF at 6.60%, Invesco India Gold ETF at 6.57%, and SBI Gold ETF at 6.45%. 

Among funds with lower YTD gains as on November 9, 2026, LIC MF Gold ETF recorded 1.98%, UTI Gold ETF posted 2.73%, DSP Gold ETF delivered 5.19%, Motilal Oswal Gold ETF returned 5.50%, and Baroda BNP Paribas Gold ETF gained 5.52%. 

Conclusion 

Global gold prices fell 6.87% in October 2026 to $3,875 per troy ounce while global ETFs saw $1.2 billion in inflows, whereas Indian gold ETFs recorded positive YTD returns ranging from 1.98% to 7.54% as on November 9, 2026. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.