Gold, Silver ETFs Hit Record Highs: Prices Surge Up to 8% as Investors Rush to Safe Havens

Gold and silver exchange-traded funds (ETFs) touched fresh record highs on January 21, tracking the sharp rise in precious metal prices. The rally comes at a time when global equity markets are under pressure and investors are shifting money towards safe-haven assets.

Rising geopolitical tensions between the US and Europe, along with concerns over possible trade wars, have boosted demand for gold and silver.

Gold Prices Jump Sharply

Gold futures with February expiry jumped over 5%, crossing ₹1.58 lakh per 10 grams. Futures contracts with April and June expiries gained between 5–6%, hitting fresh all-time highs of ₹1.66 lakh and ₹1.71 lakh per 10 grams, respectively.

Mirroring this move, several gold ETFs posted strong gains. Invesco India Gold ETF surged nearly 8% to a new 52-week high. Other major gold ETFs, including those from ICICI Prudential, LIC, Axis, Motilal Oswal and Edelweiss, rose more than 7% each.

Silver ETFs Also Shine

Silver prices also climbed to record levels. Silver futures with March expiry rose about 3.5%, crossing ₹3.3 lakh per kg for the first time. Contracts with May and July expiries gained 4–5%, hitting highs of ₹3.47 lakh and ₹3.61 lakh per kg.

Among silver ETFs, Tata Silver ETF jumped around 7% to a fresh 52-week high. ETFs from Aditya Birla, Mirae Asset, Axis, Nippon, ICICI Prudential and DSP also posted gains ranging from 3–5%.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Why Are Precious Metals Rising?

Global markets are currently in a risk-off mode due to uncertainty around US trade policies and geopolitical tensions. Fears of fresh tariffs on European countries and concerns over global economic growth have led investors to seek safety in gold and silver.

Conclusion

Gold and silver have emerged as top performers amid global uncertainty, hitting record highs across futures and ETFs. 

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