Source | Mar 02, 2026
Silver and gold ETFs surged significantly on Monday as investors sought safe-haven assets amidst escalating geopolitical tensions following strikes on Iran. Angel One Silver ETF led gains with an 18% rise, while Tata Gold ETF climbed 9%. Experts advise a disciplined, long-term approach and staggered investments due to high volatility.
Silver and gold ETFs climbed as much as 18% on Monday as investors shifted towards safe-haven assets amid rising geopolitical tensions following strikes by the United States and Israel on Iran.
Angel One Silver ETF gained the most of around 18% to hit day’s high of Rs 11.84. Tata Silver ETF went up 13%, followed by Zerodha Silver ETF which gained 10%. The other 15 ETFs in the category jumped between 8%-9%.
Tata Gold ETF jumped the most of around 9% to hit its day high of Rs 16.8 on Monday. Some gold ETFs such as Nippon India Gold ETF, ICICI PrudentialGold ETF, Mirae Asset Gold ETF, Angel One Gold ETF surged 8% each. The other 20 gold ETFs went up ranging between 5% to 7% on Monday.
Abhishek Bhilwaria, Bhilwaria MF, AMFI registered MFD told ETMutualFunds that with gold and silver prices surging to record highs (gold near Rs 1.73 lakh/10g, silver near Rs 2.95 lakh/kg) driven by intense geopolitical tensions in the Middle East, investors should avoid chasing the market with large, impulsive buys and instead adopt a disciplined, long-term approach.
He also said that given the high volatility and potential for sharp corrections following these rapid, safe-haven rallies,we suggest a staggered investment approach such as Systematic Investment Plans (SIPs) or gradual accumulation during dips rather than lump-sum purchases
Existing investors sitting on large gains may consider booking partial profits (40-50%) to rebalance portfolios, while new investors should cap their total precious metal allocation to around 5–15% of their overall portfolio to manage risk, Bhilwaria further said.
The precious metals – Gold and silver prices opened sharply higher on the Multi Commodity Exchange of India (MCX) on Monday after the United States and Israel launched major strikes on Iran, killing its Supreme Leader, Ali Khamenei.
MCX gold futures due April 2026 were up over Rs 5,811, or 3.5%, at Rs 1,67,915 per 10 grams. Meanwhile, silver futures for March 5, 2026 delivery soared Rs 9,492, or 3.5%, to Rs 2,84,490 per kg.
In the international market, spot gold rose 1% to $5,329.39 an ounce as of 0201 GMT, after touching its highest level in more than four weeks. Earlier in the session, bullion had climbed as much as 2% before trimming some gains. In contrast, spot silver rose over 2% to $95 an ounce, even after posting a monthly gain in February.
“Gold is perhaps the finest barometer to reflect global uncertainty and, to mix metaphors, the mercury is rising. We should expect gold to be repriced higher to fresh records as we enter a whole new era of geopolitical uncertainty,” independent analyst Ross Norman told Reuters.
Manoj Kumar Jain of Prithvi Finmart said precious metals are witnessing extremely high volatility in both precious metals. However, silver may hold its key support at $84.00 per troy ounce, while gold could sustain above $5,122 per troy ounce on a closing basis this week.
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