25 Mar , 2026 By : Debdeep Gupta
Silver exchange traded funds rose 5.5% on March 25 as precious metal's futures surged 6%, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the Middle East war. Spot silver rose 3.6% to $73.78 per ounce.
At 9:55 am on March 25, Nippon India Silver ETF was trading 5% higher at Rs 223.24 while Groww Silver ETF and Zerodha Silver ETF were trading 5.5% and 5% higher.
Shares of Hindustan Zinc were trading 3.5% higher at Rs 514.25 apiece. Hindustan Zinc is the biggest silver producer in the country.
Meanwhile, gold rose more than 2% on Wednesday.
Spot gold rose 2.5% to $4,587.09 per ounce as of 0218 GMT. U.S. gold futures for April delivery gained 4.2% to $4,586.10.
Oil prices fell below $100 a barrel, easing inflation concerns, on the prospect of a possible ceasefire easing supply disruptions from the key Middle East producing region.
US President Donald Trump said on Tuesday the US was making progress in its efforts to negotiate an end to war with Iran, including winning an important concession from Tehran, while a source confirmed that Washington had sent Iran a 15-point settlement proposal.
Higher crude prices tend to fuel inflation by pushing up transport and manufacturing costs. Although rising inflation typically boosts gold's appeal as a hedge, high interest rates weigh on demand for the non-yielding asset.
Interest rate futures have erased any prospect for a US Federal Reserve rate cut this year, according to CME Group's FedWatch tool.
"Despite gold prices trading 17?low pre-conflict levels amid USD strength and broad-based de-risking, this flush has historically been a tactical dip to buy, and the bullish case strengthens the longer the conflict persists," JPMorgan said in a note.
0 Comment