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Silver is stealing the spotlight, emerging as one of the year’s top-performing assets, closely matching gold’s year-to-date impressive gains. International markets have witnessed an 18.85% surge, while domestic markets have seen a rise of 15.20%, propelling silver to a record high of ₹102,040 per kg.

This remarkable surge is fueled by a powerful combination of factors, including the aggressive monetary easing policies implemented by various central banks, a weakening dollar index (retreating from highs above 110 to around 103), persistent geopolitical risks, and the economic uncertainty stemming from Trump’s ongoing trade disputes.

Beyond its safe-haven appeal, silver benefits from its dual nature as both a precious and an industrial metal. Its demand is burgeoning across diverse industrial applications, including solar panels (critical for the green energy transition), cutting-edge 5G technologies, and a wide range of electronic equipment. This robust industrial demand, coupled with a silver market facing consistent deficits for the past four years (a trend projected to continue throughout 2025), creates a compelling supply-demand imbalance.

Ahead of Budget 2025, expectations for growth-focused measures, tax concessions, and infrastructure spending are high to stimulate the economy and investor confidence amidst recent market declines. Investors expect bold policy measures to revive growth, boost consumption and create jobs. Additionally, there are expectations of tax concessions that could provide much-needed relief to taxpayers, potentially stimulating market sentiment.

http://https-www-businesstoday-in-markets-story-equity-vs-gold-vs-bitcoin-where-should-you-invest-amid-us-elections-led-market-volatility-452559-2024-11-05 According to Sugandha Sachdeva, Founder of SS WealthStreet, gold prices may see limited upside in the near term,...

https://www.livemint.com/market/commodities/gold-vs-equity-why-yellow-metal-outshined-nifty-50-in-ytd-despite-bull-trend-in-stock-market-explained-with-5-reasons-11727489346949.html Gold has emerged as one of the best-performing assets in 2024, witnessing a meteoric...

“The euphoric rally in gold continues, with prices soaring to new record highs of $2,625 per ounce in international markets toward the end of the week. This surge is largely driven by the start of a monetary easing cycle in the US after four years, with the Federal Reserve’s recent super-sized half-percentage-point rate cut renewing the appeal of gold. As US inflation approaches the Fed’s 2% target, the central bank has hinted at an additional 50 basis point rate cut by the end of 2024, further propelling gold’s upward momentum. Gold has been in an uptrend since Q4 2023, gaining over 27% year-to-date.”

“Gold and equities serve distinct but complementary purposes in a diversified investment portfolio. Equities allow investors to participate in the economic growth of a country. They provide the potential for high returns, which can significantly grow wealth over time. On the other hand, gold has long been revered for its role as a store of value, as it helps preserve purchasing power and provides stability and protection against losses. Together, they can create a balanced portfolio that aims for growth while managing risk. Investors can adjust the allocation of gold and equities based on market conditions, economic outlook, and personal financial goals.”

Comparing Q1 results 2024 of TCS and HCL, Sugandha Sachdeva, Founder of SS WealthStreet, said, “India’s largest IT company, TCS, has reported upbeat June quarterly results exceeding market estimates on the back of healthy execution and mega and large deals ramp up. The results are reflective of all-round execution on both margin improvement and revenue growth. The company reported net profit growth of 9% year-on-year (YoY) to ₹12,040 crore, while revenue from operations surged by 5.4% YoY, aided by growth across most verticals. The company has also declared an interim dividend of ₹10 per share. The company constantly pursues innovation and strengthens client relationships, and the deal pipeline remains strong amid growing traction in Gen AI projects. The Q1 results indicate demand recovery and an improving growth trajectory.”

https://www.zeebiz.com/markets/stocks/news-hal-share-price-target-analysts-suggest-buying-this-defence-stock-for-long-term-hindustan-aeronautics-stock-price-nse-bse-290136 HAL is yet to announce its financial results for the fourth quarter of fiscal 2024. However, as...

https://economictimes.indiatimes.com/markets/forex/rupee-ends-marginally-lower-tracking-weak-asian-currencies-us-cpi-awaited/articleshow/110083865.cms The Indian rupee closed marginally lower after a range-bound trading session on Monday, tracking a decline in most...

Sugandha Sachdeva, Founder of SS WealthStreet, a Delhi-based research firm, advised investors to exercise patience and wait for corrections in good quality stocks, as they present a favorable risk-reward ratio for medium-term investors.Sachdeva emphasized the positive underlying fundamentals and macroeconomic indicators for India, suggesting that investors stand to benefit from equities in the long run, even as we anticipate a healthy correction in domestic equities post-elections. She favors real estate, metal and IT stocks from a medium to long-term perspective.