New Delhi, Nov. 3 -- Gold and silver ETFs recorded their second consecutive month of negative returns in October 2026, raising questions about whether investors should increase their exposure to precious metals this Diwali.

Gold ETFs (and funds) posted a category average return of -5.22% in October, compared with -4.58% in September 2026. This followed positive returns of 8.66% in August, marking two consecutive months of losses.

Silver ETFs also remained under pressure, with category average returns declining to -17.16% in October, against -6.33% in September, following positive returns of 8.18% in August.

No gold or silver ETF recorded positive returns in October 2026. Tata Silver ETF was the worst performer, falling 20.51%, while Ze...