Gold and silver prices are expected to remain volatile in the coming year, according to Chirag Sheth, Principal Consultant–South Asia at Metals Focus. He said that price swings of about $400–500 per ounce each quarter could continue. “Volatility has been the name of the game for quite some time now in precious metals,” he said, adding that the trend is unlikely to change soon.

Sheth said gold prices are likely to stay between $3,800 and $4,600 per ounce, with limited upside unless new market triggers emerge. “For it to move towards probably $4,800–5,000 per ounce, you will require a bit more push from newer factors,” he noted.

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On the domestic front, Sheth said India has seen strong investment and

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