Monday, August 24
After a blockbuster run in 2025, precious metals may be entering a phase of more measured returns in the year ahead.Speaking to Kshitij Anand of ETMarkets, Dhiren Shah, smallcase manager and Co-Founder of Kamayakya, shares his outlook on gold and silver in 2026, highlighting why a repeat of last year’s outsized rally looks unlikely.Shah explains how global geopolitics, US Federal Reserve actions, and central bank policies will remain the key triggers shaping precious metal prices, even as broader markets shift focus toward earnings, valuations, and stock-specific opportunities. Edited Excerpts –Q) Thanks for taking the time out. We have hit fresh record highs in November, with a 10% gain so far this year. How are we placed for 2026?A) Earnings outlook for the frontline index is estimat
Something fundamental has shifted in Indian capital markets. And no, this isn't another “this time is different” piece that ages poorly. The transformation we’re seeing goes far beyond bull market enthusiasm. It’s rewiring how Indians save, invest, and build wealth.The numbers are staggering. Since the pandemic began in March 2020, the NSE has added 1.6 crore new investors every single year. As of November 2025, the number of unique investors in India was well over 13 crore (130 million), nearly triple the number from just six years ago. But what matters more than the raw growth is how these investors are participating has fundamentally changed.From Traders to InvestorsWalk into any coffee shop in a Tier-I Indian city today, and you'll likely overhear conversations about SIPs, not
The Japanese yen softened against the greenback on Friday as investors remained on watch for potential intervention to shore up the currency, while the dollar gained slightly against the euro in thin trading volumes. The yen has remained on the back foot despite a Bank of Japan interest rate hike last week, on concerns about expansive fiscal policy in the country. Japan's government on Friday proposed record spending for next fiscal year while curbing debt issuance, underscoring Prime Minister Sanae Takaichi's challenge in boosting the economy while inflation remains above the central bank's target. Data on Friday also showed that core consumer inflation in Japan's capital slowed in December on moderating cost pressure for food but stayed above the central bank's 2% target, firmin
