Gold and Silver ETFs Soar Amid Rising Geopolitical Tensions

Gold and silver exchange-traded funds (ETFs) surged sharply on Monday, March 2, as investors flocked to safe-haven assets in response to escalating geopolitical tensions in West Asia.

Gold and Silver ETF Trading Higher

Leading the charge, Tata Silver ETF jumped more than 7%, while ICICI Prudential Silver ETF and SBI Silver ETF each climbed over 6%. Nippon India Silver ETF also posted gains exceeding 6%.

Gold ETFs saw strong momentum as well. ICICI Prudential Gold ETF and Tata Gold ETF rose over 5%, while Nippon India Gold ETF and SBI Gold ETF gained between 4–5%.

What’s Driving the Rally?

As per market participants, the surge is fueled by firm bullion prices amid geopolitical uncertainty, which has heightened demand for traditional safe-haven assets.

On the Multi Commodity Exchange (MCX), silver for May delivery surged ₹10,508, or 3.72%, to ₹2.93 lakh per kilogram, while gold for April delivery climbed ₹5,811, or 3.6%, to ₹1.67 lakh per 10 grams.

Globally, Comex silver futures for May delivery jumped $4, or 4.3%, to $97.30 per ounce, and gold futures rose $161.8, or 3.08%, to $5,409.7 per ounce.

Also Read: Gold and Silver Prices Today, March 2, 2026: Check Latest Rates in Chennai, Delhi, Mumbai, Kolkata, Bangalore and Hyderabad 

Conclusion

Investors remain attentive to global macroeconomic signals, including US labour market data and manufacturing indicators, as these could shape bullion prices and ETF flows 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/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.

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