Gold, Silver Prices Today Live Updates: Will gold, silver prices touch new highs in coming days?

Investor interest in precious metals surged in January, with mutual fund allocations to gold and silver rising sharply as prices of both metals climbed significantly. For the first time in recent years, monthly inflows into gold and silver schemes surpassed investments into equity funds, which have typically driven industry growth.

Gold and silver Exchange Traded Funds recorded inflows of ₹33,503 crore during the month, more than twice the ₹15,600 crore seen in December. The momentum has been building since November, when inflows stood at ₹5,896 crore. In comparison, equity mutual fund inflows softened, declining 14 per cent to ₹24,029 crore in January, although systematic investment plan contributions remained stable at ₹31,002 crore.

“Performance chasing behaviour is clearly visible in data,” says Viraj Gandhi, CEO, Samco Mutual Fund.

Investor appetite also strengthened for multi-asset allocation funds, which invest across equities, precious metals, international equities and fixed income instruments. These funds witnessed inflows rise to ₹10,485 crore in January from ₹7,426 crore in the previous month.

Among precious metal products, gold ETFs accounted for the larger share of inflows, attracting ₹24,040 crore in January compared with ₹11,647 crore in December. Silver ETFs also saw strong participation, drawing ₹9,463 crore during the month against ₹3,962 crore earlier. Over the past year, gold has delivered returns of 80 per cent, while silver has recorded a sharper gain of 158 per cent in rupee terms.