Gold, silver ETFs rally up to 9% as US-Iran peace hopes and falling oil lift sentiment. What should investors do?

Gold and silver ETFs rose up to 9% on Wednesday as the precious metals gained on the MCX, supported by falling crude oil prices and hopes of renewed US-Iran talks that could ease Middle East supply concerns. Softer oil prices also eased inflation worries, boosting sentiment for precious metals.

DSP Silver ETF and Angel One Silver ETF gained the most, around 9% each. Zerodha Silver ETF went up 8% to hit the day’s high of Rs 25.75. Around 11 silver ETFs, which include some names such as HDFC Silver ETF, SBI Silver ETF, Kotak Silver ETF, Mirae Asset Silver ETF, rallied up to 7% each.

360 One Silver ETF, Edelweiss Silver ETF and Bandhan Silver ETF were up 6% each on Wednesday.


Also Read | HDFC Defence Fund increases stake in HAL, Eicher Motors and 4 other stocks in March

The gold ETFs rallied, ranging between 2% to 4%. Nippon India ETF Gold BEeS, the largest fund in the category, went up 2% to its day’s high of Rs 126.

Abhishek Bhilwaria, AMFI-registered MFD, told ETMutualFunds that as of April 15, 2026, the price for starting a gold SIP in India is approximately Rs 15,394 per gram for 24K gold and Rs 14,111 per gram for 22K gold, though retail rates in cities like Delhi or Chennai may be slightly higher due to local taxes.

“If you are investing through digital platforms or gold mutual funds, you can typically start with as little as Rs 10 to Rs 500, though keep in mind that digital gold purchases usually incur a 3% GST.”

He further said that current prices remain high due to global geopolitical tensions and a weaker rupee, but gold SIPs continue to be a popular hedge, having historically delivered annual returns of around 12–15% over the long term.

On the domestic front, MCX silver futures for May 2026 delivery rose Rs 2,205, or 0.8%, to Rs 2,54,955per kg. Gold futures for June 2026 delivery were flat at Rs 1,54,820 per 10 grams.

U.S. President Donald Trump said on Tuesday that talks to end the conflict involving the U.S., Israel, and Iran could resume in Pakistan within the next two days. This follows a breakdown in negotiations over the weekend that led Washington to impose a blockade on Iranian ports. The prospect of renewed dialogue has raised hopes of a resolution that could restore crude and fuel flows.

Anup Bhaiya, Founder, Money Honey Wealth Services Ltd, shared with ETMutualFunds that yesterday, gold held firm near $4,770–$4,850 while silver surged sharply to $77–$80 amid a weaker dollar and sustained demand.

He further said that for long-term investors, this bullish momentum in precious metals reinforces their role as effective hedges; current levels offer a timely opportunity to accumulate for portfolio diversification amid ongoing global uncertainties.

In the international market, yellow metal prices were largely steady on Wednesday, holding near a one-week high touched earlier in the session, as investors remained cautious and awaited further clarity on U.S.-Iran peace talks.

Spot gold was little changed at $4,841.76 per ounce as of 0110 GMT, after rising to its highest level since April 8 earlier in the session. U.S. gold futures for June delivery edged up 0.3% to $4,866.50. Meanwhile, spot silver gained 0.4% to $79.87 per ounce.

Manoj Kumar Jain of Prithvi Finmart said gold and silver prices are likely to remain volatile this week due to fluctuations in the dollar index, movement in crude oil prices and the possibility of a second round of U.S.-Iran peace talks.

Also Read | Should you worry while investing in mutual fund with highest AUM? Expert suggests SIP tweak and strategy

Jain added that both gold and silver have given a price breakout on a daily closing basis in the Comex division and could extend gains in the coming sessions.

He recommends buying gold on dips in the Rs 1,53,800–1,52,200 range with a stop loss below Rs 1,51,100 for a target of Rs 1,55,500–1,57,000. For silver, he suggests buying on dips around Rs 2,47,700–2,44,000 with a stop loss below Rs 2,39,200, targeting Rs 2,56,600–2,61,000.

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