Gold and Silver Set to Shine Brighter: Motilal Oswal Predicts Gold at ₹1.35 Lakh and Silver at ₹2.30 Lakh

Gold Silver Price Forecast 2025: Motilal Oswal Turns Bullish on Precious Metals, Expects Strong Rally Ahead

The year 2025 has already proven to be a remarkable one for precious metal investors. Both gold and silver have seen a substantial surge in prices, and according to the latest report from Motilal Oswal Financial Services, the rally is far from over. The brokerage firm remains bullish on gold and silver, predicting that gold could touch ₹1.35 lakh per 10 grams and silver may rise up to ₹2.30 lakh per kilogram in the coming months.

🪙 Gold Prices May Hit ₹1.35 Lakh Per 10 Grams

Gold prices in India have witnessed consistent growth throughout the year, driven by both domestic and global factors. From festive demand to global uncertainty, the yellow metal continues to act as a safe-haven investment.

Motilal Oswal’s analysis suggests that the ongoing geopolitical tensions, particularly between the U.S. and China, combined with the Federal Reserve’s potential interest rate cuts, will support higher gold prices in the medium term.

According to the firm’s projection, gold could reach ₹1.35 lakh per 10 grams, marking a new all-time high, as global investors seek safety amid economic volatility and inflationary concerns.

The firm also points out that central bank purchases of gold have remained strong this year, adding further demand to already tight global supply levels.

⚪ Silver Could Soar to ₹2.30 Lakh Per Kilogram

Silver, often called the “poor man’s gold,” has also seen an impressive rally this year. Motilal Oswal forecasts that silver could touch ₹2.30 lakh per kilogram by the end of 2025, supported by both industrial demand and investment interest.

Global demand for silver has been rising sharply, especially from the solar energy and electric vehicle (EV) industries, where the metal is a key component. The increasing push toward green energy and technological innovation has strengthened silver’s position as not just a precious metal but a vital industrial commodity.

With limited mine output and rising consumption, the brokerage believes silver will continue to perform strongly in both domestic and international markets.

🌍 Global and Domestic Factors Driving the Bullish Trend

Motilal Oswal’s bullish stance is based on several key global and domestic triggers:

• Geopolitical uncertainty involving the U.S., China, and the Middle East.

• Expectations of monetary easing by the U.S. Federal Reserve.

• Persistent inflationary pressures worldwide.

• Strong central bank gold purchases, particularly by emerging economies.

• Supply disruptions in the global precious metals market.

• Seasonal festive demand in India, one of the world’s largest gold consumers.

All these factors collectively indicate that gold and silver may remain on an upward trajectory, even if short-term corrections occur.

💹 What Investors Should Watch

Motilal Oswal advises investors to stay cautiously optimistic. While prices may fluctuate in the short term due to profit booking, the broader trend remains upward.

The brokerage recommends a buy-on-dips strategy for long-term investors, suggesting that current levels could still offer good entry opportunities before the next major rally.

In addition, with Dhanteras and Diwali approaching — traditionally strong buying seasons in India — retail demand is expected to stay robust, providing further price support.

🧭 Outlook for 2025–2026

As per Motilal Oswal’s outlook, gold could rise beyond ₹1.35 lakh by early 2026, while silver could touch the ₹2.30 lakh mark if the global macroeconomic environment continues to favor precious metals.

The firm also highlights that the U.S. government’s fiscal challenges and potential recession risks could push more institutional investors toward safer assets like gold and silver.

In the long run, precious metals are likely to remain a hedge against inflation and currency depreciation, making them an attractive part of a diversified investment portfolio.

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