What caused AXISGOLD.NS stock to fall 21.75% intraday?

The drop stemmed from heavy selling and redemptions after a pullback in global gold prices, amplified by high intraday volume of 11,559,744.00 on the NSE and short-term rotation out of commodity ETFs.

What are key support and resistance levels for AXISGOLD.NS stock today?

Watch immediate support at INR 111.00 and intraday resistance at INR 121.50. The 50-day average near INR 113.68 is also a tactical level for short-term traders.

How does Meyka AI view AXISGOLD.NS stock?

Meyka AI rates AXISGOLD.NS **66.59/100 (Grade B, HOLD)** and projects INR 124.57 in one month. This grade factors sector and forecast data; grades are informational, not guarantees.

Is AXISGOLD.NS stock suitable for long-term investors?

As a gold ETF, AXISGOLD.NS can diversify portfolios against inflation and risk. Long-term suitability depends on your gold view, risk tolerance, and willingness to accept ETF flow volatility.

IN Stocks

AXISGOLD.NS stock down 21.75% intraday 02 Feb 2026: key levels to watch

ByDanny Kontos February 2, 2026

Intraday, AXISGOLD.NS stock plunged 21.75% to INR 116.54 on 02 Feb 2026 on the NSE, making it one of today’s top losers in India. The ETF fell INR 32.40 from the previous close of INR 148.94 on outsized volume of 11,559,744.00 shares, signalling heavy selling. Traders tied the drop to a sharp rotation out of commodity-backed ETFs and a spike in realized volatility in gold futures. We analyse price action, technical setup, liquidity and a model forecast to frame intraday risk and targets.