Silver and gold ETFs rose up to 4% on Friday. Silver prices jumped sharply on MCX, while Gold also started the day slightly higher, with small gains after news regarding talks between the United States and Iran reached investors.

Tata Silver ETF jumped the most by around 4% to day’s high of Rs 25.9 on Friday. The other silver ETFs gained 3% each. Gold ETFs mostly remained flat. Both SBI Gold ETF and Mirae Asset Gold ETF gained 2% each whereas other ETFs in the category went up by 1% each.

Also Read | Silver ETFs tumble 15% in one month, gold ETFs gain 3%. What should investors do?

As of Friday, February 27, 2026, gold and silver prices in India are undergoing a period of consolidation following high volatility earlier in the month, Abhishek Bhilwaria, Bhilwaria MF, AMFI registered MFD shared with ETMutualFunds.

Investors are currently adopting a cautious “wait-and-watch” approach, balancing profit-taking from recent rallies against safe-haven demand driven by geopolitical tensions, such as the U.S.-Iran relations and trade policy uncertainties and suggested a long-term bullish outlook, recommending strategies like “buying on dips” or maintaining a diversified portfolio to hedge against inflation and economic slowdown risks.

MCX Gold futures due April 2026 were up by over Rs 482 or 0.3% to Rs 1,60,191 per 10 grams. Meanwhile, silver futures for March 5, 2026 delivery soared by Rs 8,340 or 3.2% to Rs 2,68,009 per kg.

In Geneva, the United States and Iran reported some progress in discussions over Tehran’s nuclear programme, according to mediator Oman. However, despite hours of negotiations on Thursday, there was no clear breakthrough that could rule out potential U.S. strikes, even as a significant military buildup continues in the region.Manoj Kumar Jain of Prithvi Finmart said gold and silver are witnessing profit booking, though markets expect Iran may not agree to U.S. conditions. He added that tensions between Pakistan and Afghanistan, along with profit taking in the dollar index, supported precious metal prices at lower levels.

Jain recommended buying gold on dips around Rs 1,59,100–1,58,000 with a stop loss below Rs 1,56,500 for targets of Rs 1,60,600–1,61,800. He also said to buy silver in the Rs 2,58,000–2,53,000 range with a stop loss below Rs 2,48,800 for targets of Rs 2,62,000–2,68,000.

Also Read | Sebi introduces life cycle funds. Here is what investors need to know

In the international market, gold prices were largely steady on Friday. Spot gold was little changed at $5,187.39 per ounce as of 0146 GMT. The metal had touched a more than three-week high earlier this week on Tuesday. Meanwhile, spot silver advanced 0.6% to $88.81 per ounce, extending gains after hitting a three-week high on Wednesday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle.