Diwali 2023: Gold to glitter, base metals may struggle in Samvat 2080, says Jigar Trivedi of Reliance Securities

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Samvat 2080: Gold prices are expected to rally further while silver may continue its outperformance over the yellow metal in the new Samvat year 2080, said Jigar Trivedi, Senior Research Analyst - Currencies & Commodities, Reliance Securities. In the commodities market, Trivedi believes the fundamentals for precious metals like gold and silver are positive, while demand concerns may loom over base metals. Edited Excerpts: 1) Gold prices have given over 20% returns since last Diwali. Do you think the correction is overdue or the bullion will continue to march ahead? The fundamental background is supportive for another strong rally in...