Gold and silver ETFs climb up to 4% after two-day dip. Is the trend reversing?

Gold and silver ETFs rose up to 4% on Friday after a two-day decline, tracking a sharp rebound in prices on the MCX following a steep sell-off in the previous sessions. Experts said the uptick appears to be a relief rally, even as the short-term outlook remains bearish, with rising oil prices amid the Middle East conflict adding to inflation concerns.

Among the 18 silver ETFs, seven ETFs gained up to 4% on Friday. Another eight ETFs in the category gained up to 3% each. Groww Silver ETF, Mirae Asset Silver ETF, and Angel One Silver ETF went up 2% each.

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There were 25 gold ETFs in the said period, of which 23 ETFs gained between 1% and 2% on Friday and two remained flat.


To navigate today's volatile market, investors should focus on asset allocation and emotional discipline rather than timing a perfect entry. Ensure your emergency fund and insurance are in place before investing, and prioritise quality sectors like banking or IT that show resilience during dips, Abhishek Bhilwaria, BhilwariaMF, AMFI-registered MFD, said.

By automating investments and potentially using a step-up SIP to increase contributions annually, investors can harness the power of compounding while ignoring short-term "noise", ultimately building a more robust long-term corpus, Bhilwaria further said.

MCX silver futures due May 2026 were up Rs 8,540 or 3.6% at Rs 2,40,000 per kg. Meanwhile, gold futures for April 2026 delivery gained Rs 3,340 or 3% to Rs 1,48,302 per 10 grams.

In the international market, gold prices edged higher on Friday but remained on track for a third straight weekly loss, weighed down by a strong dollar and a hawkish stance from the US Federal Reserve that has reduced expectations of near-term rate cuts. Spot gold rose 0.2% to $4,657.50 per ounce as of 0112 GMT, though the metal has declined more than 7% so far this week. Spot silver also saw a marginal uptick, gaining 0.1% to $73 per ounce.

Yesterday's sharp correction saw gold drop below $4,850 and silver plunge towards $72–$76 amid a hawkish Fed hold and dollar strength, Anup Bhaiya, Founder, Money Honey Wealth Services, told ETMutualFunds.

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He further said that for investors, this dip represents a prime accumulation opportunity, as precious metals' long-term safe-haven and hedging roles endure amid geopolitical risks and inflation concerns.

On Thursday, silver and gold commodity-based ETFs extended their losses and fell up to 8% after slipping up to 6% in the earlier session, following the US Federal Reserve keeping its benchmark interest rate unchanged at 3.5%–3.75% and maintaining a hawkish stance, signalling reduced urgency for further rate cuts.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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