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News Topical, Digital Desk : Gold and silver ETFs saw a strong surge on Tuesday. Following a surge in gold and silver prices on the Multi Commodity Exchange (MCX), several ETFs recorded gains of up to 7%. This surge is being attributed to the weakening of the US dollar and Donald Trump's indication of an imminent end to the Middle East war. 

Silver ETFs saw the biggest jump

Silver ETFs saw the biggest gains on Tuesday. Tata Silver ETF jumped nearly 10% to an intraday high of ₹26.74, compared to its previous closing price of ₹25.06. Other silver-linked ETFs also gained 4% to 5%. Among gold ETFs, Zerodha Gold ETF rose nearly 3% to an intraday high of ₹25.72. However, other gold ETFs gained 1% to 2%, while some remained nearly flat. 

MCX Gold and Silver Prices: MCX gold futures for April 2026 delivery rose ₹1,492 (about 1.1%) to ₹1,61,791 per 10 grams. Meanwhile, silver futures for May 2026 delivery saw a sharp rise, rising by ₹11,179 (about 4%) to reach ₹2,78,339 per kilogram. Gold and silver prices also rose in the international market. Spot gold rose 0.8% to $5,179.52 per ounce, while US gold futures rose 1.7% to $5,188.70 per ounce. Spot silver also jumped 3% to $89.60 per ounce. 

The market could see significant volatility this week.  

According to the Economic Times, commodity expert Manoj Kumar Jain stated that the gold and silver markets could see significant volatility. Due to fluctuations in the dollar index, US-Iran tensions, and uncertainty in the global financial market, gold and silver prices could fluctuate significantly this week. He advised traders to adopt a range-bound strategy. According to them, gold could remain in the range of ₹1,57,700 to ₹1,64,000, while silver could remain in the range of ₹2,55,500 to ₹2,78,000. Experts believe that if a strong breakout occurs above these levels, gold and silver could see a significant rally in the coming days. 

Special advice for investors  : Mutual fund distributor Abhishek Bhilwaria says that in the current volatile environment, investors should adopt a 'buy on dips' strategy in gold and silver. He advised that investors invest through Systematic Investment Plans (SIPs) or ETFs to reduce risk. Furthermore, it is considered best to keep the share of gold and silver in your investment portfolio between 5% and 15%.


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