Key facts
- Gold and silver prices surged on June 15, 2026, following a preliminary Iran-US peace agreement.
- Silver futures increased by Rs 7,200/kg and gold futures by Rs 3,301/10 gm.
- Silver and gold ETFs saw gains of up to 8%.
- The preliminary agreement includes the removal of US blockade on Iran and reopening of the Strait of Hormuz.
- The formal signing of the agreement is scheduled for Friday in Switzerland.
Gold and silver prices surged on June 15, 2026, extending gains for a third consecutive session following a preliminary agreement between the United States and Iran aimed at de-escalating conflict. Silver futures on the Multi Commodity Exchange (MCX) rose Rs 7,200 per kilogram, while gold futures increased by Rs 3,301 per 10 grams.
Precious metal exchange-traded funds (ETFs) also saw significant rallies, with silver ETFs jumping up to 8% and gold ETFs gaining between 2% and 4%. The Angel One Silver ETF led the gains among silver ETFs, climbing approximately 8% to reach Rs 9.83. Other silver ETFs, including ICICI Prudential Silver ETF and Bandhan Silver ETF, rallied up to 6%, while SBI Silver ETF, HDFC Silver ETF, and Zerodha Silver ETF saw gains between 3% and 5%. In the gold ETF segment, Nippon India ETF Gold BeES and HDFC Gold ETF were each up 2%.
According to Pakistani Prime Minister Shehbaz Sharif, the proposed agreement includes the removal of US sanctions on Iran and the reopening of the Strait of Hormuz. The formal signing of this agreement is anticipated to take place in Switzerland on Friday.