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- Mutual Funds Halt Gold ETF and FoF Inflows Ahead of Festive Season as Rupee Stays Under Pressure
17 mutual fund houses in India, including HDFC, Kotak and UTI, have suspended fresh gold investments in gold ETFs and gold fund of funds ahead of the Dussehra and Diwali season. The curbs cover bulk subscriptions, new SIP and STP registrations, and switch-ins, with details varying by fund house. Existing holdings are not frozen, and investors can keep redeeming gold ETF units while existing SIPs continue at the prevailing NAV. The fund houses gave no reason, though a fund executive told Reuters the decision followed discussions with SEBI, which has not confirmed it. Recent trade data shows gold imports fell to US$1.8bn in September from US$2.3bn in August, while the trade deficit widened to US$30.21bn.
- Gold rate today ( October 17 , 2026 ): Check 24k , 22k , 20k and 18k gold jewellery prices from IBJA , Malabar Gold & Diamonds , Joyalukkas , Kalyan Jewellers and Tanishq
- China steps up gold buying as jewellery demand fades
China's central bank bought 23 tonnes of gold in September, its largest monthly purchase in almost three years, lifting third-quarter buying to 63 tonnes, the strongest quarter since 2023, according to the World Gold Council. Its official gold holdings reached 2,410 tonnes, or 8.5% of total reserves, marking the 23rd consecutive month of reported purchases. Chinese gold ETFs added 11 tonnes in September, their third straight monthly increase, and gained 27 tonnes in the quarter as weak domestic equities and falling bond yields encouraged diversification. Wholesale demand remained weak, with exchange withdrawals of 234 tonnes in the quarter down 21% from a year earlier and well below the 10-year quarterly average of 418 tonnes, which the council blamed on persistently weak jewellery consumption. The council expects bullion investment to stay supported, though affordability and low consumer confidence may keep jewellery volumes constrained in the fourth quarter.
- Jewellery stocks to buy : Titan , Sky Gold , Kalyan Jewellers - Where should you invest ahead of Q2 results ?
Jewellery stocks enter the festive season with mixed share performance: Sky Gold and Diamonds rose 56% and PC Jeweller 40% over three months, while Thangamayil fell 26% and Titan slipped 2%. September-quarter updates showed revenue growth of 26% at Kalyan Jewellers, 25% across Titan's consumer businesses and 28% at PC Jeweller, which also became debt-free. Motilal Oswal expects coverage companies' sales, EBITDA and profit after tax to grow 23%, 26% and 27% in Q2FY27, despite gold prices rising about 45% year-on-year. Analyst Mayank Jain says investors should weigh operating metrics, valuation and gold-price volatility, scoring Sky Gold 2 out of 5 on value and Titan 1 out of 5, which he labels 'Very Expensive'. The article notes that Sky Gold's earnings and margins need to be checked against its valuation after the sharp rally.
- Is Invesco Gold & Special Minerals A (OPGSX) a Strong Mutual Fund Pick Right Now?
The article advises that investors should not currently consider Invesco Gold & Special Minerals A (OPGSX), a precious metals sector fund, as it carries a Zacks Mutual Fund Rank of 4 (Sell). Managed by Invesco, the fund debuted in July 1983 and has about $1.94 billion in assets, with Tarun Gupta as manager since February 2025. Its 5-year and 3-year annualized total returns of 22.89% and 45.78% both place it in the bottom third of its category. The fund is more volatile than its peers, with a standard deviation of 37.39% over 3 years versus a category average of 15.16%, and 36.44% over 5 years versus 16.4%. Its 5-year beta of 0.93 suggests lower volatility than the market, while its 5-year alpha of 15.41 indicates positive risk-adjusted returns relative to the S&P 500.
- Thailand crypto ETFs may see slow start despite new rules: CoinShares
Thailand's rules for Bitcoin and Ether ETFs to list on the Stock Exchange of Thailand take effect Friday, letting retail investors buy locally listed crypto ETFs, while overseas crypto ETF purchases through domestic brokers are limited to institutional and ultra-high-net-worth investors. CoinShares head of research James Butterfill expects modest initial inflows, with tens of millions of US dollars across the first products rather than billions. He noted that existing options, such as foreign Bitcoin funds and direct crypto trading, may reduce demand, and pointed to Hong Kong, which holds just 0.42% of global crypto ETP assets despite being a financial hub. Butterfill named MFC Asset Management and ONE Asset Management as issuers worth watching, but neither has confirmed launch plans or timing, and neither had responded to Cointelegraph by publication.
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