Gold and silver : will continue to shine, according to PL Capital’s optimistic forecast for 2026
Gold and silver : According to a survey by financial advice services business PL Capital, gold, which was one of the best-performing assets in 2025, is predicted to continue “moderately to strongly positive” in 2026.
As of now in 2026, gold prices have increased by more than 60%.
According to PL Capital’s Market Outlook study, the demand for gold reached a record high of 1,313 tons during the July–September quarter of 2025.
The trend is still being supported by ETF inflows, central bank purchases, and economic uncertainty.
“This year, gold ETF inflows into India have reached an all-time high. According to the research, the forecast for gold in 2026 remains moderately to very optimistic.
Like gold, silver saw a rise in value this year as well.
Silver has done much better than gold, increasing by more than 100% in 2025 and surpassing USD 60 per ounce.
A strong industrial demand supercycle (solar PV, EV batteries, semiconductors, and power electronics) drove silver prices, according to PL Capital.
“Supply remains in structural deficit, reinforcing the strong outlook for 2026,” the study said.
With record-low inflation, solid domestic activity, and better profit visibility, India heads into December.
With the goal of a supportive rate environment until 2026, the RBI lowered its repo rate by 25 basis points, bringing the main interest rate down to 5.25 percent. It also raised its GDP predictions and drastically reduced its CPI projections.
According to the research, Indian stocks have shown resilience in the face of global uncertainties.
The Sensex and Nifty indexes increased by around 8–9% overall in 2026.
“The profits cycle is anticipated to expand during the next six to twenty-four months, including consumer, financial, capital expenditure-related, and some industrial sectors. As earnings visibility improves, we will gradually add to high-quality midcaps while maintaining our large-cap tilt in the short term.
Banks, NBFCs, consumer staples and discretionary, defense, and ports are the preferred themes for 2026, according to PL Capital.