Gold ETFs: After a 5% fall in 2026, what price level offers a buying opportunity? Mutual fund investors take note

Gold prices have corrected sharply, but the fall may be creating an opportunity for investors. Here’s the key price level to watch for those considering investing in gold ETFs, along with the factors that could influence prices ahead.

If you are looking to invest in gold ETFs or increase your exposure, the recent correction in gold prices may have raised an important question: should you invest now, wait for a further fall, or sell existing holdings?

Gold has fallen around 5% so far this year in 2026, while it is down 13.6% over the last six months. According to TradingView, the gold spot price on 8 October stood at around $4,123.625 per ounce (currently trading around this level as of 5:01 PM).

Mirae Asset Mutual Fund, in its latest note, has outlined the levels at which the current correction could present an opportunity for investors.

What has led to the recent fall in gold prices?

According to Mirae Asset Mutual Fund, the sharp rise in US Treasury yields has been the primary driver of gold's recent correction. The US 10-year Treasury yield has climbed to approximately 5.27%, increasing the opportunity cost of holding non-yielding assets.

While this repricing has resulted in near-term weakness, it believes gold continues to retain a substantial portion of the gains accumulated over the past several years.

Why does Mirae Asset MF remain positive on gold?

Mirae Asset MF continues to remain constructive on gold because of several structural demand drivers.