Gold and Silver ETFs Surge Amid US-Iran Ceasefire Agreement

Original: Gold, silver ETFs rally up to 5% as US-Iran ceasefire spurs bullion spike

Business Standard•Apr 8, 20262 min

In a Nutshell

On April 8, 2026, gold and silver exchange-traded funds (ETFs) experienced significant gains, with some rising over 5% following a US-Iran ceasefire agreement. Spot gold prices increased by 2.5% to $4,819.25 per ounce, while silver jumped 5.5% to $76.91 per ounce, reflecting heightened demand for precious metals amid easing geopolitical tensions.

Key Points

01Gold and silver ETFs surged over 5% as of April 8, 2026.
02Spot gold prices rose 2.5% to $4,819.25 per ounce.
03Spot silver increased by 5.5% to $76.91 per ounce.
04The US-Iran ceasefire agreement eased fears of energy-driven inflation.
05Analysts predict potential further gains for gold and silver prices.

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Full Summary

On April 8, 2026, gold and silver exchange-traded funds (ETFs) saw notable increases, with many ETFs, including Tata Silver ETF and HDFC Silver ETF, rising over 5%. Spot gold surged 2.5% to $4,819.25 per ounce, while silver jumped 5.5% to $76.91 per ounce. The surge in precious metals prices is attributed to a ceasefire agreement between the US and Iran, which alleviated concerns about energy-driven inflation. Following the agreement, markets reassessed their near-term risks. Analysts suggest that if gold futures maintain above ₹1,55,000, they could reach ₹1,58,000–₹1,60,000. Conversely, a drop below ₹1,52,000 could push prices down to ₹1,50,000 and further to ₹1,48,000. For silver, a breakout above ₹2,45,000 could lead to prices rising toward ₹2,47,000–₹2,50,000. The overall market sentiment remains positive as investors react to the geopolitical developments.

Key Figures

$4,819.25

Spot gold price per ounce

$76.91

Spot silver price per ounce

5%

Increase in silver ETFs

2.5%

Increase in spot gold price

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Why It Matters

The rise in gold and silver prices could affect investors and consumers, potentially leading to higher costs for jewelry and other precious metal products.

Who is affected

Investors, jewelers, and consumers of precious metals.

What to know

Investors should monitor gold and silver prices closely and consider adjusting their portfolios in response to market changes.

FAQ

The surge was primarily due to a ceasefire agreement between the US and Iran, which eased fears of energy-driven inflation.

Analysts predict that gold could reach ₹1,58,000–₹1,60,000 if it maintains above ₹1,55,000, while silver could rise to ₹2,47,000–₹2,50,000 with a breakout above ₹2,45,000.

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