Chairman of the All India Gem & Jewellery Domestic Council (GJC), Saiyam Mehra, and Vice Chairman Rajesh Gokhade recently shared their insights on gold and silver investments in an exclusive conversation with ET Now Swadesh.
Mehra highlighted the strength of gold as an investment, noting that despite global tensions and market uncertainties, the demand for gold remains strong both domestically and internationally. He emphasized that the fundamentals of gold are robust, with expectations of the price reaching $2,600 – $2,800 or Rs 78,000 to Rs 80,000 in the near future. Mehra expressed confidence in the long-term uptrend of gold prices, citing de-dollarization as a global trend driving interest in gold investments.
Gokhade echoed Mehra’s sentiments on the positive outlook for silver, highlighting its unique properties and diverse uses, especially in industries like electric vehicles and solar panels. He emphasized the undervaluation of silver compared to gold and predicted a potential price increase to Rs 1.5 lakh in the future.
Both experts cautioned that investment decisions should be made after consulting financial advisors, as the market dynamics can be influenced by various factors such as geopolitical tensions and currency devaluation. They emphasized the importance of diversifying portfolios with tangible assets like gold and silver to hedge against inflation and market volatility.
As investors continue to seek safe haven assets in times of economic uncertainty, gold and silver remain attractive options for those looking to secure their wealth and diversify their investment portfolios.
