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Gold Prices Diwali: As Diwali 2025 ushers in optimism across markets, investors are looking beyond equities toward gold, silver, and alternative assets to balance their portfolios.

Market expert & Zee Business Managing Editor Anil Singhvi, along with Morgan Stanley India MD Ridham Desai, shared key insights on how investors should approach these assets in the current environment.

According to Ridham Desai, while equities remain the preferred long-term investment option, gold and silver continue to play an important role in portfolio diversification, especially during uncertain global conditions.

“Gold has always been a hedge against volatility and currency depreciation. In times of geopolitical tension or rising global debt, it provides a safe store of value,” he said.

Over the past year, gold prices have remained strong, supported by robust demand from central banks and retail investors.

Silver, meanwhile, has shown even sharper movements, with industrial demand, particularly from solar and electric vehicle sectors, driving prices higher.

Desai added, “If industrial recovery continues, silver could outperform gold in the next one to two years.”

Anil Singhvi echoed the sentiment, saying that investors should treat gold and silver as strategic, not speculative, assets.

“During Diwali, people buy gold as a tradition, but it’s also a smart investment. A 5–10 per cent allocation to gold and silver in your portfolio can help balance risk during volatile phases,” he said.

Singhvi also highlighted that alternative assets, such as sovereign gold bonds (SGBs), gold ETFs, and silver ETFs, are gaining popularity among urban investors who prefer digital forms of ownership.

“These options offer the benefit of liquidity, no storage worries, and steady returns. They are ideal for those who don’t want to buy physical gold,” he added.

On the investment strategy front, Desai advised that investors avoid overexposure to any single asset class.

“Equities, gold, silver, and debt should work together in a portfolio. Each plays its role, equities for growth, gold and silver for safety,” he noted.

This year, gold and silver have not just protected wealth but delivered spectacular returns. Prices of 24-karat gold have surged by 62.65 per cent to Rs 81,400 per 10 grams, compared to Rs 51,000 last Dhanteras (October 29, 2024).

Silver, too, has jumped 70.51 per cent to Rs 1,70,000 per kilogram from Rs 99,700 last year. Despite soaring prices, Indian consumers spent nearly Rs 1 lakh crore during Dhanteras 2025, driven by robust demand for gold and silver.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi