Gold and silver exchange traded funds (ETFs) rose up to 6 per cent on Wednesday (April 15, 2026), tracking gains in underlying metal prices and supportive global cues.
Among silver ETFs, Axis Silver ETF surged 5.54 per cent, while ICICI Prudential Silver ETF and Kotak Silver ETF rose 5.43 per cent and 5.66 per cent, respectively. Mirae Asset Silver ETF, Motilal Oswal Silver ETF, HDFC Silver ETF and Nippon India Silver ETF also traded higher.
In the gold segment, Nippon India ETF Gold BeES rose around 2 per cent. ICICI Prudential Gold ETF gained 1.5 per cent, while Axis Gold ETF advanced about 1.7 per cent. UTI Gold ETF, Edelweiss Gold ETF, HDFC Gold ETF, Quantum Gold ETF and DSP Gold ETF also moved up.
Key factors behind the rise
1) Festive buying: Precious metal prices rallied in the national capital ahead of Akshaya Tritiya, supporting ETF gains. Silver prices jumped by Rs 11,800 to Rs 2.57 lakh per kg, while gold rose by Rs 3,000 to Rs 1.58 lakh per 10 grams on fresh buying from jewellers and stockists.
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"Akshaya Tritiya continues to be one of the most significant periods for the jewellery industry, driven by both tradition and the enduring value of gold. While gold prices have seen volatility, consumer intent remains strong, with a clear preference for lightweight, versatile, and design-led jewellery that aligns with evolving lifestyles," Chetan Thadeshwar, Chairman and MD, Shringar House of Mangalsutra, said.
2) Softer US dollar: A weaker US dollar supported bullion prices. The dollar index slipped 0.3 per cent to 98.05, making gold cheaper for buyers holding other currencies and boosting demand.
3) Softer US PPI data: Softer-than-expected US producer price index (PPI) data eased near-term inflation concerns and improved market sentiment, lending support to precious metals.
4) Renewed hopes for US-Iran talks: Optimism around possible diplomatic engagement between the US and Iran lifted sentiment in safe-haven assets. Expectations of reduced geopolitical tensions, along with uncertainty around the outcome of talks, kept demand for gold and silver firm.
5) Easing oil prices: Lower oil prices provided some relief on inflation concerns, which in turn supported gains in precious metals and related ETFs.
