Gold and silver ETFs rallied up to 5% on Friday after gold and silver prices opened sharply higher on the Multi-Commodity Exchange (MCX), extending their gains for a second consecutive session. The rebound came as crude oil prices slipped to a two-month low amid growing optimism over a potential peace agreement between the US and Iran, boosting sentiment towards precious metals.
Among gold ETFs, Baroda BNP Paribas Gold ETF emerged as the top gainer, surging around 5% to an intraday high of Rs 147 from its previous close of Rs 140. Bandhan Gold ETF advanced 4%, while most other gold ETFs posted gains of 2–3%. SBI Gold ETF and HDFC Gold ETF rose 2% each.
