Gold and silver ETFs rebound up to 7% after 20% crash. What should investors do?

Commodity-based silver and gold ETFs gained up to 7% on Tuesday, after witnessing a decline of 20% in the previous session. Gold and silver remain under pressure amid rising yields and tighter liquidity, with volatility elevated as institutional positioning turns cautious

On Tuesday, Nippon India Silver ETF gained 7% to hit the day’s high of Rs 206.72 against the previous close of Rs 193.52. SBI Silver ETF and HDFC Silver ETF also gained up to 7%

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There were 25 gold ETFs, of which SBI Gold ETF, HDFC Gold ETF, and ICICI Prudential Gold ETF jumped up to 4% whereas Nippon India ETF Gold BeES jumped 3% to hit its day’s high of Rs 114.59.

Gold crashed below $4,400, and silver plunged toward $65–$68 on Monday amid a stronger dollar and hawkish policy signals, Anup Bhaiya, Founder of Money Honey Wealth Services, told ETMutualFunds.

He further said that for long-term investors, this sharp correction creates a compelling accumulation opportunity, as safe-haven demand, geopolitical risks, and inflation-hedging fundamentals remain firmly supportive.

The dollar’s strength made greenback-denominated bullion more expensive for holders of other currencies, adding to the pressure on prices.

Further, Middle East tensions remained elevated after Iran denied any “productive conversations” with U.S. President Donald Trump, who had said discussions were underway toward a resolution of hostilities.

In the international market, yellow prices dropped for a tenth consecutive session. Spot gold fell 1.6% to $4,335.18 per ounce, as of 0227 GMT. The metal fell to its lowest level since November 24 on ‌Monday. Meanwhile, spot silver lost 2.9% to $67.11 per ounce.

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Abhishek Bhilwaria, BhilwariaMF, AMFI registered MFD shared with ETMutualFunds that investors today (24 March 2026) are navigating a period of significant volatility as both equity and bullion markets undergo sharp corrections.

“In the precious metals segment, 24K gold prices have stabilised near Rs 1.35 lakh per 10 grams following a steep 21.6% monthly decline, while silver is trading around Rs 2.29 lakh per kilogram after crashing more than 22% from its early March peak”

“Tactical investors are encouraged to use this reset as a 'buy on dips' opportunity, potentially rebalancing portfolios with a focus on diversified large-cap or flexi-cap funds while maintaining a 5–10% hedge in gold, preferably through liquid Gold ETFs or Sovereign Gold Bonds,” he further said.

(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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