
Gold and silver have delivered extraordinary returns over the past few years, with gold nearly doubling from 2019 levels and silver seeing sharp, volatile moves. But after such a powerful rally, how should long-term investors assess the road ahead? In this conversation, we break down what the next 5–10 years could look like for precious metals and how investors should think about strategy at current levels. While structural factors like rupee depreciation continue to support domestic gold returns, the pace of recent gains makes near-term risk–reward less attractive. Experts suggest moving step by step, focusing on shorter horizons, and waiting for corrections before fresh allocations. The message is clear: precious metals remain a long-term hedge, but timing and discipline matter more than ever.