Gold, Silver ETFs Surge on Record Bullion Prices; Investors Seek Safe Havens

• Silver ETFs jumped up to 10% and Gold ETFs gained over 3% on Friday due to record high prices of physical silver and gold.
• Tata Silver ETF surged 10% to Rs 30.50, while ICICI Prudential Silver ETF rose 8.11% to Rs 311.64 per unit.
• Edelweiss Gold ETF increased 3.43% to Rs 155.45, with other gold ETFs also seeing gains up to 3%.
• Internationally, gold is near $5,000 per ounce on COMEX, and silver is approaching $100 per ounce, currently at $98.
• The surge reflects investors repositioning towards safe-haven assets amid global uncertainty, geopolitical tensions, and a softer US dollar.

Why It Matters: Gold and silver ETFs are surging due to record bullion prices, driven by safe-haven demand and global uncertainty.