New Delhi, Nov. 11 -- Global gold prices have declined by over 6% in 2026 after touching record highs in 2025. According to data from TradingView, gold's year-to-date (YTD) return stood at -6.36%, with the metal trading at around $4,045 per troy ounce on 11 November.

However, the correction in global gold prices has not translated into losses across Indian gold ETFs. Several funds have delivered positive returns this year, with the top performers generating gains of over 7.5%.

This is partly because a weaker Indian rupee against the US dollar can cushion the impact of falling international gold prices. Since India imports most of its gold, a weaker rupee makes gold imports more expensive, supporting domestic prices.

According to Quantu...