Gold and silver exchange-traded funds experienced significant gains following the US-Iran peace agreement announcement, with silver ETFs leading the rally at up to 4% gains while gold ETFs tracked the broader bullion recovery at 1.5-2%. According to latest market data, Tata Silver ETF and Kotak Silver ETF rose up to 4%, while Nippon India Silver ETF advanced 3.7%, HDFC Silver ETF and DSP Silver ETF gained 3.68% and 3.9% respectively. The gold ETF performance was equally impressive, with Tata Gold ETF gaining up to 2%, Nippon India ETF Gold BeES rising 1.75%, ICICI Prudential Gold ETF advancing 1.82%, and SBI Gold ETF adding 1.7%. As per multiple reports, these ETF price movements reflect the overall surge in precious metal prices driven by the US-Iran deal news and supportive macroeconomic conditions.
Jewellery company shares experienced significant gains on Monday, June 15, 2026, following a US-Iran peace agreement that triggered a sharp rally in global bullion prices. Kalyan Jewellers India led the gains, surging 11.5% to hit an intraday high of ₹384.50, while Titan Company advanced over 2% to ₹4,274 on the National Stock Exchange. Other notable performers included Senco Gold gaining 4.11% to ₹351.30, Sky Gold outperforming with over 6.3% gains, PC Jewellers climbing 4%, Vaibhav Global and Rajesh Exports advancing 5% each, and PN Gadgil Jewellers rallying 3%. The rally reflects strong investor confidence in the potential for sustained precious metal price appreciation, with multiple stocks jumping 1-2.5% across the sector.
The United States and Iran finalised a deal to end their 107-day war and reopen the Strait of Hormuz, a critical narrow waterway that utilises one-fifth of global oil supplies, on Friday after an in-person signing of the agreement in Switzerland. Taking to Truth Social, US President Donald Trump announced that a formal peace agreement would be inked on June 19 in Switzerland, easing pressure on global energy markets. According to analysts, the proposed agreement reportedly includes sanctions relief, restrictions on Iran's nuclear programme and measures to normalise the country's oil exports. This development has provided significant relief to markets that had been worried about potential supply chain disruptions in the Middle East region.
Gold rates in India witnessed a massive surge on June 15, with 24-carat gold climbing ₹24,500 to ₹15,15,300 per 100 grams, while 10-gram gold stood at ₹1,51,530, up by ₹2,450. 22-carat gold climbed ₹2,250 to ₹1,38,900 per 10 grams, and 18-carat gold soared ₹1,840 to ₹1,13,650 per 10 grams. The rally can be attributed to a weakening dollar following the announcement of the peace deal between the US and Iran, which has boosted investor sentiment towards precious metals as safe-haven assets. Meanwhile, crude oil prices dropped significantly, with WTI crude at $80.81 per barrel, translating to around ₹7,640, reflecting concerns over potential oversupply amid geopolitical tensions.
International precious metals markets showed strong performance alongside the domestic rally. COMEX gold futures for August delivery climbed 2.81% to $4,358 an ounce as of 6:11 a.m. EDT (3:41 p.m. IST), gaining $119.20 during the session. The move was supported by a weaker US dollar and softer Treasury yields. On the Multi Commodity Exchange (MCX), August gold contracts were up ₹2,777, or 1.84%, while silver futures surged ₹6,614, or 2.69% as of 3:48 p.m. IST. Earlier in the session, gold futures had risen ₹2,242, or 1.49%, to ₹1,52,770 per 10 grams on a turnover of 8,948 lots. The rebound follows a steep correction last week, when gold futures declined ₹5,066, or 3.2%, to settle near ₹1.50 lakh per 10 grams.
