New Delhi, Dec. 11 -- The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday allowed the National Pension System (NPS) to include gold and silver exchange-traded funds (ETFs) among its investment options.

NPS subscribers can now invest in gold and silver ETFs offered by mutual funds, with exposure restricted to 5% of the scheme's assets under management (AUM).

"Investors in the NPS have a better average investment tenure (holding period) compared to other investment avenues, and they would have a better investment mix now," said Sumit Shukla, managing director and chief executive of Axis Pension Fund. "Both old and new subscribers would benefit from the move."

As of 11 December 2025, 24 karat gold has delivered a yea...