Silver, gold ETFs jump up to 7% on weaker dollar after Trump signals possible end to Mideast war. Should you invest now?

Tue Mar 10 2026

Silver and gold ETFs rose by up to 7% on the Multi Commodity Exchange (MCX) on Tuesday as precious metal prices opened sharply higher. The gains were supported by a weaker U.S. dollar after U.S. President Donald Trump indicated that the war in the Middle East could end soon.

Tata Silver ETF jumped the most of around 10% to hit day’s high of Rs 26.74 on Tuesday against previous day's closing of Rs 25.06. The other ETFs in the category gained between 4% to 5%.

Zerodha Gold ETF gained the most on Tuesday. It went up by 3% to hit day’s high of Rs 25.72. The other ETFs based on gold gained upto 1% to 2% or some remained flat. Abhishek Bhilwaria, BhilwariaMF, AMFI registered MFD shared with ETMutualFunds that in the current high-volatility environment of 2026, investors should adopt a "buy on dips" strategy to navigate gold and silver's near-record highs.

To manage risk, it is best to utilize Systematic Investment Plans (SIPs) or ETFs to average entry costs, ensuring that precious metals comprise no more than 5–15% of your total portfolio for balanced diversification, he further said.

A possible easing of the conflict could help reduce concerns about a war-led spike in inflation. Lower inflationary pressures may also lessen the likelihood of central banks raising interest rates, which would be supportive for non-yielding assets like gold.

MCX Gold futures due April 2026 were up Rs 1,492 or 1.1% to Rs 1,61,791 per 10 grams. Meanwhile, silver futures for May, 2026 delivery rocketed Rs 11,179 or 4% to Rs 2,78,339 per kg.

In the international market, yellow metal prices rose. Spot gold climbed 0.8% to $5,179.52 per ounce as of 0233 GMT, while U.S. gold futures for April delivery advanced 1.7% to $5,188.70. Meanwhile, spot silver surged 3% to $89.60 per ounce.

Manoj Kumar Jain of Prithvi Finmart said the precious metals market is currently witnessing high price volatility. He expects gold and silver prices to remain volatile this week amid fluctuations in the dollar index, the ongoing US-Iran conflict and broader volatility in global financial markets.

Jain suggests traders maintain a range-bound strategy, trading gold between Rs 157,700 and Rs 164,000 and silver between Rs 255,500 and Rs 278,000. Any sustained upside breakout in both precious metals could trigger a strong rally in the coming sessions. He added that small investors could consider accumulating gold and silver on dips through a SIP approach.

Source: https://economictimes.indiatimes.com/