Gold, silver ETFs: What should you do after Wednesday's rise? | Daily Calls on BTTV
Anshul Jain, Head of Research at Lakshmishree Investment & Securities said feels the precious metals rise has more legs to it. In an interview to BTTV, he advised ETF investors to stay put.
- May 13, 2026,
- Updated May 13, 2026 4:15 PM IST
Thanks to an increase in customs duty on gold and silver to 15 per cent from 6 per cent earlier, a sharp upmove was seen on exchange traded funds (ETFs) with gold and silver as underlying assets. Anshul Jain, Head of Research at Lakshmishree Investment & Securities said feels the precious metals rise has more legs to it. In an interview to BTTV, he advised ETF investors to stay put.
Answering a query by a viewer Suraj from Kerala, who held 200 Nippon India Silver ETF (Silver BEES) at Rs 231 apiece, Jain said Comex gold and silver futures were trading in a range for the past four-five sessions, and it is only after the government increased customs duty on gold and silver to 15 per cent from 6 per cent that gold and silver ETFs climbed on Wednesday. He said one should hold with the ETF investments for now, as gold futures are likely to touch $4,775 per ounce, about $60 upside. He sees $10 upside on Comex silver futures, which traded at $87.44 troy ounce. From those levels, there could be some profit booking, he said.
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Thanks to an increase in customs duty on gold and silver to 15 per cent from 6 per cent earlier, a sharp upmove was seen on exchange traded funds (ETFs) with gold and silver as underlying assets. Anshul Jain, Head of Research at Lakshmishree Investment & Securities said feels the precious metals rise has more legs to it. In an interview to BTTV, he advised ETF investors to stay put.
Answering a query by a viewer Suraj from Kerala, who held 200 Nippon India Silver ETF (Silver BEES) at Rs 231 apiece, Jain said Comex gold and silver futures were trading in a range for the past four-five sessions, and it is only after the government increased customs duty on gold and silver to 15 per cent from 6 per cent that gold and silver ETFs climbed on Wednesday. He said one should hold with the ETF investments for now, as gold futures are likely to touch $4,775 per ounce, about $60 upside. He sees $10 upside on Comex silver futures, which traded at $87.44 troy ounce. From those levels, there could be some profit booking, he said.
Here's the full video:
Here's how you too can participate LIVE in Daily Calls show every trading day at 12 pm on Business Today Television (BTTV) to get answers to stock specific queries:-
-WhatsApp number: 7303080488 | You can send us your questions along with your name, location, and your contact details.
-YouTube: You can use the YT comment section to send us your stock queries.
-You can gain invaluable insights and clarity on your market queries through our LIVE sessions featuring expert analysts.
(DISCLAIMER: The views/advice/suggestions expressed in the video are solely by market analysts & investment experts. Please consult your investment advisers before making any financial decisions.)