Gold, Silver ETFs Plunge Up To 3% Amid Profit Booking; SEBI Proposes Volatility Curb

• Gold and silver ETFs saw declines of up to 3% on February 16 due to profit booking after recent gains.
• SEBI has proposed a comprehensive review of price bands for ETFs to address significant volatility and operational gaps.
• Silver futures dropped around 2% on MCX, while gold futures were down about 0.5%.
• Global price declines are attributed to thin trading conditions with US and China markets closed for holidays, and investor profit booking.
• Analysts predict a long-term upward trajectory for gold despite short-term volatility, driven by central bank buying and geopolitical uncertainty.