On April 8, 2026, gold and silver exchange-traded funds (ETFs) saw notable increases, with many ETFs, including Tata Silver ETF and HDFC Silver ETF, rising over 5%. Spot gold surged 2.5% to $4,819.25 per ounce, while silver jumped 5.5% to $76.91 per ounce. The surge in precious metals prices is attributed to a ceasefire agreement between the US and Iran, which alleviated concerns about energy-driven inflation. Following the agreement, markets reassessed their near-term risks. Analysts suggest that if gold futures maintain above ₹1,55,000, they could reach ₹1,58,000–₹1,60,000. Conversely, a drop below ₹1,52,000 could push prices down to ₹1,50,000 and further to ₹1,48,000. For silver, a breakout above ₹2,45,000 could lead to prices rising toward ₹2,47,000–₹2,50,000. The overall market sentiment remains positive as investors react to the geopolitical developments.