Gold And Silver: Opportunities, Risks And Market Drivers In 2026

In this special edition of "What's Hot" on Business Today Television, host Sakshi Batra discusses two major market stories as 2025 draws to a close. First, the muted listing of KSH International IPO, which debuted flat-to-discount at around ₹357-399 against the ₹384 issue price, weighed down by undersubscription that forced a reduced issue size. The spotlight then shifts to the historic rally in precious metals. Gold surged ~77% in 2025, while silver doubled investors' money with 130-140% returns, marking one of the strongest years for both in decades. Expert Navneet Damani from Motilal Oswal highlights geopolitical uncertainty, supply shortages, and financial flows as key drivers. For 2026, he remains cautiously optimistic: gold could hit ₹1.5-1.6 lakh and silver ₹2.5-2.6 lakh, but warns of sharp 7-10% corrections ahead. Advises profit-booking, staggered buying on dips, SIPs in ETFs, and maintaining 10-15% portfolio allocation to gold/silver for long-term diversification, avoiding jewellery due to high costs.