Gold, Silver Outlook 2026: Nilesh Shah, Managing Director of Kotak Mahindra AMC, has said that the parabolic run in previous metals, gold and silver, may
not continue in 2026 though the outlook remains positive. In an exclusive conversation with ET NOW, Nilesh Shah suggested investors to follow the "dharma" of asset allocation to optimise the return. "The kind of parabolic run we have seen in precious metal is unlikely to be repeated in 2026. However, the outlook on both gold and silver continues to remain positive because of central bank buying and industrial demand for silver, especially from electric vehicle," he said. Nilesh Shah said that investors should look at World Gold Council report every month to know "what the central banks are doing". "As long as they are buying and up to a price at which they are willing to buy, gold prices will remain supported," he said. On silver, he said: "Silver being an industrial commodity, one will have to do little bit more work. You will have to find, is there an alternative solution emerging for silver as industrial commodity do get replaced by alternate commodity if prices go beyond a reasonable limit." "So outlook on gold and silver both remains positive subject to the central bank buying and intervention," he said. The equity market investors, he said, "should follow the dharma of asset allocation. You have to divide your portfolio between real estate, debt, equity as well as precious metal. An investor has to keep an open mind and follow the dharma of asset allocation." Meanwhile, silver on Friday (Dec 26) extended its blistering rally for the fifth straight session, surging more than 9,000 to hit a fresh record high of Rs 2,33,183 per kg in futures trade on MCX. In the global market, the white metal breached the USD 75-per ounce-mark. In addition, gold prices crossed the Rs 1.39 lakh per 10 grams for the first time on the MCX during Friday's trade. On the Comex, yellow metal futures for February delivery rose USD 58.8, or 1.3 per cent, to touch a new peak of USD 4,561.6 per ounce. Gold prices have surged more than 70 per cent so far this year, marking its largest annual gain since 1979. Silver has zoomed around 160 per cent. VIDEO
Interviewed By Ayesha Faridi, Executive Editor, ET NOW and ET NOW Swadesh
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
