Silver ETFs Slide 4%, Gold ETFs Down Over 2% as Gold Falls Below $4,000 Globally

Gold and silver exchange-traded funds (ETFs) witnessed selling pressure on June 25, 2026, mirroring weakness in domestic and international bullion markets. Silver ETFs emerged among the biggest losers, declining nearly 4%, while gold ETFs fell over 2% as precious metals extended their recent correction. 

Silver ETFs Lead Declines 

At around 12.22 PM, Nippon India Silver ETF (SilverBeES) declined 4.22% to ₹204.34, while SBI Silver ETF fell 4.18% to ₹209.34. ICICI Prudential Silver ETF slipped 4.08% to ₹213.39 and Tata Silver ETF declined 3.74% to ₹20.85. 

The decline came as silver futures remained under pressure following sharp losses earlier in the week. 

Gold ETFs Track Weakness in Bullion 

Gold-backed ETFs also traded lower during the session. 

ICICI Prudential Gold ETF fell 2.11% to ₹110.02, SBI Gold ETF declined 2.12% to ₹118.67, Nippon India ETF Gold BeES slipped 2.03% to ₹115.17, and Tata Gold ETF was down 2.01% at ₹13.57. 

The weakness reflected continued pressure on gold prices across domestic and global markets. 

Read More: Gold Rate: Dubai vs India Gold Prices on June 25, 2026 

MCX Gold and Silver Remain Under Pressure 

On the Multi Commodity Exchange (MCX), gold futures for August delivery declined 0.16% to ₹1,41,220 per 10 grams during morning trade. 

Silver futures fell 0.96% to ₹2,11,710 per kg. 

Silver witnessed heightened volatility at the opening bell. The July futures contract initially dropped by nearly ₹3,000 to around ₹2.10 lakh per kg before recovering above ₹2.15 lakh per kg. Despite the rebound, silver declined by around ₹17,000 per kg during the first 4 trading sessions of the week. 

Gold futures also opened lower, touching ₹1,40,543 per 10 grams before recovering towards ₹1,42,000. However, the metal remained about ₹5,200 per 10 grams below last Friday's closing level. 

What's Weighing on Gold and Silver 

The decline in bullion followed continued weakness in international markets. 

Spot gold recently moved below the $4,000-per-ounce mark for the first time in 7 months. A firm US dollar and growing expectations of further US Federal Reserve interest rate hikes have weighed on demand for non-yielding assets such as gold and silver. 

Higher interest rates increase the opportunity cost of holding precious metals, while a stronger dollar makes dollar-denominated bullion more expensive for overseas buyers. 

Conclusion 

Gold and silver ETFs remained under pressure on June 25 as domestic and global bullion markets extended their decline. Silver ETFs fell nearly 4%, while gold ETFs lost around 2%, tracking weakness in MCX and international precious metal markets. 

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