Mumbai, December 25 (IANS). There were many uncertainties in the world this year, but precious metals (gold and silver) gave huge profits to investors. The special thing was that silver surprised everyone and made more profit than gold.
This year, silver prices have increased by more than 137 percent, while gold prices have increased by about 68 percent.
Due to fluctuations in the stock market, people moved towards safe investments, in which gold and silver became the best options. Among these, silver remained at the forefront.
There were many reasons behind the rise in the price of gold, such as geopolitical tension, inflation concerns and the expectation of interest rate cuts by the US Federal Reserve, due to which people invested more in gold.
A major reason for the increase in the price of gold is that many central banks of the world are continuously buying gold. Central banks bought more than 1,000 tonnes of gold every year for three consecutive years – 2022, 2023 and 2024. Apart from this, many investors also invested money in gold through Gold ETFs.
Big banks of the world are also very positive about gold. Goldman Sachs has estimated that the price of gold could reach $4,900 an ounce by the end of 2026. At the same time, Deutsche Bank believes that the price of gold could be $ 4,450 per ounce in 2026.
However, the reason for rising silver prices is not just the demand for safe investment. It is also used extensively in industries. The demand for silver has increased rapidly in making solar power, electric vehicles and electronic goods.
Along with this, the supply of silver remained limited, due to which its price increased further. Due to both the use of precious metal and industry, silver will give double the profit of gold in 2025.
Experts believe that the rise of silver may continue in 2026 also. Due to strong industrial demand and less supply, the price of silver may increase further by 15 to 20 percent next year.
Some experts say that silver can give further gains of 20 to 25 percent in the first six months of 2026. However, they recommend that investments should be made gradually, especially when prices fall slightly.
The future of gold is also considered good for 2026. Buying by central banks, possibility of lower interest rates in America and ongoing uncertainties in the world can support the price of gold.
Experts say that it is important to keep an eye on the activities of central banks, because they indicate the prices in future.
If we talk about their prices, then in Wednesday morning’s trading session, the prices of both gold and silver on MCX reached new record high levels. Prices rose due to a weak US dollar and expectations of a US Fed interest rate cut.
During this period, the futures price of gold for February delivery reached a record high of Rs 1,38,676 per 10 grams, while silver for March delivery reached Rs 2,24,430.00 per kg.
In the world market too, the price of gold crossed $ 4,500 per ounce for the first time. Investors hope that America may further reduce interest rates next year, so people are buying gold as a safe investment.
–IANS
DBP/ABM