ETMarkets Smart Talk: Gold and Silver in 2025: Investment insights from Deepak Ramaraju
“Both gold and silver have gained ~30% over the last one-year period. Global uncertainties including the US election led to a rally in gold as it is considered as a safe haven,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC.
In an interview with ETMarkets, Ramaraju said: “Silver, on the other hand, may witness momentum on the back of its usage in various industrial applications including electronics, solar panels for renewable energy, advanced healthcare and electric vehicles,” Edited excerpts:
Geopolitical concerns and political uncertainty in some of the countries weighed on markets in early December. What is your take on the markets?
Markets have witnessed several challenges in the recent past — Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.
Hence the markets turn volatile due to these factors and the reaction of the market may be more towards global events like Trump's win in the US elections, the US Fed cutting interest rates, China stimulus and domestic events such as a slowdown in economic growth in India, delayed government spending, liquidity concerns in India and RBI policy.
The Nifty 50 should hopefully close the year with double-digit gains. How do you see markets in 2025?
Indian equities were buoyant amidst a challenging and eventful year with higher volatility. Nifty 50 has gained ~13% YTD after recording a 20% gain in CY23 and the 5-year
