Gold and Silver ETFs Jump Up to 5% as Ceasefire Sparks Bullion Rally

Gold and silver exchange-traded funds saw strong buying on April 8, 2026, following a sharp rise in precious metal prices. 

On the National Stock Exchange of India, several silver ETFs surged more than 5%, including Tata Silver ETF, HDFC Silver ETF, Kotak Silver ETF, DSP Silver ETF, Groww Silver ETF, Mirae Asset Silver ETF, and SBI Silver ETF. Axis Silver ETF also climbed over 4%.

Gold ETFs moved higher as well. Axis Gold ETF gained over 3%, while Groww Gold ETF, LIC MF Gold ETF, Tata Gold ETF, and HDFC Gold ETF rose more than 2%.

Global Bullion Prices Jump

In international markets, spot gold rose 2.5% to $4,819.25 per ounce after gaining over 3% earlier in the session. Spot silver surged 5.5% to $76.91 per ounce, reflecting strong global demand for safe-haven assets.

MCX Futures Follow the Rally

On the Multi Commodity Exchange of India, gold June futures increased 2.75% to ₹1,54,425 per 10 grams, while silver May futures jumped 6.36% to ₹2,46,052 per kg.

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Why Precious Metals Surged

Gold and silver gained as investors reassessed global risks after the US-Iran 2-week ceasefire eased fears of energy-driven inflation. Iran also agreed to allow safe shipping through the Strait of Hormuz, improving global sentiment.

Conclusion

The ceasefire boosted safe-haven demand and lifted bullion prices worldwide, driving strong gains in gold and silver ETFs. If geopolitical stability continues, the positive trend in precious metals could remain in focus in the near term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.