Oct 11 - UTI Asset Management Company has

temporarily suspended fresh lump-sum and switch-in investments

into the UTI Silver ETF Fund of Fund, effective October 13,

2025, the company said in a statement on Saturday.

The asset manager said this was due to prevailing market

conditions and a shortage of physical silver in the domestic

market as the metal trades at a premium relative to

international prices.

"Therefore, the premium in domestic silver prices directly

impacts the valuation of the scheme."

UTI is the second fund manager to curb new investments into

silver-based funds this week. On Thursday, Kotak Mahindra Asset

Management Company also temporarily suspended new investments

into a Silver ETF Fund of Fund.

Kotak said it wouldlift the restrictions within the next

couple of weeks as supply improves after the Hindu festival of

Diwali.

Spot silver hit a record high of $51.22 per ounce on

Thursday, surpassing the $51 per ounce level for the first time.

In India, the world's biggest silver consumer, silver's

premium over official domestic prices jumped as much as 10% on

Thursday because of strong investment demand ahead of a key

festival and limited supplies, bullion dealers said.

(Writing by Sai Ishwarbharath B in Bengaluru. Editing by Jane

Merriman)