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Investors who stake connected golden and metallic past Dhanteras and Diwali person seen bonanza returns. (AI image)
Dhanteras 2025: Buying golden and metallic is traditionally considered auspicious connected Dhanteras. The precious metals person been hitting caller grounds highs - with golden rally backed by planetary uncertainty and diversification distant from dollar and the metallic bull tally driven by precocious concern request and acute carnal tightness successful London and Comex inventories.
Investors who stake connected golden and metallic past Dhanteras and Diwali person seen bonanza returns. According to Manav Modi, Senior Analyst, Commodity Research astatine Motilal Oswal Financial Services, golden and metallic connected the home beforehand person gained by implicit 61% and 69% respectively from 2024 Dhanteras to till now.
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But volition this rally continue? Are golden and metallic bully concern bets implicit the adjacent year? We inquire experts what the golden and metallic terms outlook is and what levels volition they deed by Dhanteras 2026:
Dhanteras 2025: Should you bargain golden and metallic this year?
Manav Modi is of the presumption that some golden and metallic could beryllium connected dips from a agelong word position arsenic an investment. “However, 1 should beryllium cautious astatine these levels for a dip oregon nett booking which could supply a amended introduction oregon acquisition level,” helium tells TOI.Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities believes that portion golden and metallic are bully bets, investors should not pursuit the peak. “For festival buying (ritual/jewellery) bargain arsenic per need; for investment, favoursystematic accumulation (SIP/laddered buys), ETFs oregon Sovereign Gold Bonds (SGBs) implicit lump-sum carnal purchases astatine all-time highs. Silver offers higher upside imaginable but comes with higher volatility,” helium advises.
Praveen Singh, Head of Commodities, Mirae Asset ShareKhan says that some golden and metallic person beardown fundamentals to emergence further successful the coming years.“Both the metals are expected to summation further connected economic, political, and geopolitical uncertainties arsenic the US Federal Reserve cuts rates into elevated inflation. De-dollarization, cardinal banks buying gold, ostentation hedge buying, semipermanent authorities bonds losing their appeal, dent successful investors’ spot successful US institutions, and tariff wars volition proceed to supply beardown tailwinds for precious metals,” helium tells TOI.
What’s the golden terms outlook till adjacent Dhanteras?
Gold and Silver are inactive poised for further upside, says Manav Modi. “Overall, from a 1 twelvemonth perspective, Gold connected COMEX could people $4250 and $4500 assuming USD-INR astatine 89; Rs 1,28,500 and 1,35,000. Similarly, Silver could people $75 connected COMEX, from a agelong word position and Rs 2,30,000 connected home front,” helium says.Praveen Singh expects golden to scope $5000 sometime astir adjacent Dhanteras, portion metallic is expected to emergence to $60 level.
“So, metallic tin summation 17%, portion golden whitethorn summation 21% successful a year. However, owed to carnal marketplace tightness successful London and Indian Silver markets, it is imaginable that metallic whitethorn bushed golden successful the abbreviated term, though we expect that this tightness volition not past long,” helium says.Abhilash Koikkara, EVP & Head- Forex and Commodities, Nuvama Professional Clients Group is of the presumption that implicit the adjacent 12 months, metallic could support its outperformance implicit golden arsenic golden offers portfolio stableness and superior protection.
“From a method perspective, metallic exhibits stronger bullish signals compared to gold, indicating a higher likelihood of outperforming golden by Dhanteras 2026,” helium tells TOI.“Analytically, golden suits blimpish wealthiness preservation, portion metallic suits risk-adjusted alpha seekers,” helium adds.Trivedi notes that Gold has compounded astatine astir 30.6% p.a., Silver 33% p.a., and Nifty 24% p.a. — metallic has outperformed successful percent presumption precocious though golden remains the steadier hedge.Trivedi highlights LKP Securities’s moving model and targets (domestic, per 10 g / per kg):
- Gold — Diwali/Dhanteras 2026 target: ₹1,40,000–₹1,45,000+ Bull lawsuit 160000+ if geopolitical hazard escalates oregon Fed turns precise dovish. For the 12-month skyline to Dhanteras 2026, maintaining the bullish structural view, expect upside if the macro tailwinds persist — Fed cuts, anemic dollar, tariffs/ geopolitical premium.Since the terms has shown crisp up determination recently, its advisable to allocate successful dips and parts.
- Silver — Dhanteras/Diwali 2026 target: ₹1,85,000–₹2,10,000/kg; Bull lawsuit ₹2,20,000–₹2,50,000+ connected stronger concern request Central banks buying and continued ETF flows.
(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)
