Nippon India Mutual Fund’s Vikram Dhawan expects the ongoing bull market in gold and silver to persist, supported by solid fundamentals such as rising global debt and climate-linked industrial demand. However, he cautions that investors should brace for volatility and extended consolidation phases.

The record-breaking rally in gold and silver through 2025 has raised the question of how long the momentum can sustain. According to Dhawan, the fundamentals remain strong, but the pace of gains may moderate.

“As long as the key drivers of prices remain strong, the bull market will continue,” Dhawan told CNBC-TV18. “However, the intensity of the bull market may vary. Gold and silver have been around for thousands of years, and they tend to have long phases of consolidation and correction. This

See Full Page