Gold Rate Is Breaking Records, Silver Shines Too! Could THIS Metal Be The Next Big Jackpot For Investors?

September has set off an unrelenting rally in gold, with prices soaring by nearly Rs 2,670 in just five days. Gold rate in India rally has took the precious metal to fresh record highs. Silver prices in India, too, have kept pace, extending their bullish streak and drawing strong investor attention. Yet, beyond the glitter of gold and silver, certain base metals are quietly emerging as attractive alternatives, offering long-term potential that is beginning to catch the eye of the market.

Many experts believe that gold price rally is likely to continue and the precious metal may see a long-term demand due to a host of reasons including geopolitical uncertainty, economic scenario and trade tensions. While gold and silver are lucrative investment and hedging assets, diversifying portfolio with copper would be a good choice, believes Manav Modi, Analyst, Precious Metal, Research, Motilal Oswal Financial Services Ltd.

Can Copper Be The Next Jackpot For Investors?

Being at the centre of the green energy transition, copper demand can increase phenomenally in the coming years with the advent of era of electric vehicles (EVs). A host of factors, like rising industrial demand, growth in imports, etc, have boosted the valuation of the base metal over the past few months.

"Copper prices have gained ~13% YTD and are poised for continued upside. The steady rally has been supported by a variety of factors ranging from China's path to economic recovery, strong demand cues - driven by continued demand for EVs and home electrical appliances, funds investment flows and rising refined copper imports," explained Manav Modi. He also underlined copper's strategic importance in transportation, defense and power infrastructure because of copper's proposed inclusion in the US critical minerals.

What To Choose From Gold, Silver, Copper?

While copper has a high potential for growth in coming years, precious metals like gold and silver will remain one of the most reliable options among investors.

"Think of gold as a large-cap stock-stable, defensive, and a proven wealth preserver. Silver, by contrast, behaves like a midcap or smallcap-higher volatility but stronger return potential in bullish phases," explained Harshal Dasani, Business Head at Invasset, adding that copper can emerge as an attractive bet for growth-oriented investors.

The EV-led revolution and focus on green energy can boost the prospects of copper and its demand. "Copper, often dubbed "Dr. Copper" for its ability to track global economic health, is at the heart of the green energy transition-EV batteries, charging infrastructure, and renewable grids. With structural deficits looming, copper could deliver outsized returns relative to bullion," he added.

Contrastingly, NS Ramaswamy, Head of Commodity and CRM, Ventura believes, that silver is the most attractive bet at the present time, and gold is likely to end the year 2025 with best returns.

Key Factors To Consider Before Investing In Copper

While copper has the potential to unlock investors' wealth, its demand, unlike gold and silver, significantly depends on industrial activities. Hence, an unprecedented intervention can significantly drop its demand and price in the market.

"Investors must be mindful that unlike precious metals, base metals are more directly linked to global growth cycles, making them riskier but also more rewarding in expansionary phases," cautions Dasani.

"When trading in base metals, investors should consider a mix of macro and micro economic scenario, physical market factors like supply and demand, and geopolitics," explained Modi.

Gold, Silver, Copper Rates in India

Gold rate in India has witnessed a sharp surge since the beginning of September. The precious metal rates created multiple fresh highs in just five days. The price of gold in India stood at Rs 10,762 per gram (for 24K), Rs 9,865 (for 22K), and Rs 8,072 per gram ( for 18K) on Friday, September 5. The 24 Karat gold rate has increased by around Rs 2,670 per gram in just five days. Silver rate in India stood at Rs 126 per gram and Rs 1,26,000 per gram.

Copper futures on Multi Commodity Exchange (MCX), closed at Rs 899.75 per kilogram on Thursday, September 5. Copper prices surged on Friday on the London Metal Exchange (LME). The three-month copper on LME surged around 0.4% to $9,939.50 per metric ton by 1023 GMT.

Gold, Silver Prices At Record-High Levels! Will The Bullish Run Continue In 2025?

The present gold price rally has set in volatility. Outlook for silver and gold in 2025 looks positive as gold price is rising amid global uncertainty and silver bullishness has stemmed from supply side deficits, according to NS Ramaswamy, Head of Commodity and CRM, Ventura.

"We expect a wider band of price level to end the year 2025. Gold - $3450 - $3750 ; Silver - $41 -$44. Domestic MCX prices could end up with: Gold Rs.104000 - Rs.109000 ; Silver Rs.118000 - Rs.130000," commented Ramaswamy on Gold Price Outlook. Investors can find support levels for gold at $3580 , $3520 & $3450. For silver, support can be at $41.80, $40.50 & $39.50. Resistance level for gold is at $3620 , $3680 & $3720. For silver it can be at $42.50, $43.75 & $45.00.

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