Gold and Silver Prices Expected to Rise Amid Central Bank Demand, Says Nilesh Shah; IT Impact of AI Uncertain

In an exclusive interview with ET Now, renowned financial expert Nilesh Shah expressed an optimistic outlook on gold and silver prices, attributing this positive sentiment to the significant buying activity by central banks globally. Shah emphasized the increasing demand for these precious metals as a hedge against inflation and geopolitical uncertainties, though he refrained from making specific predictions regarding potential returns on investments in gold and silver. The sustained interest from central banks, coupled with market dynamics, continues to bolster his bullish stance. However, he cautioned that it remains challenging to forecast exact price movements in the volatile commodities market. Regarding the impact of artificial intelligence (AI) on the information technology sector, Shah stated that it is “too early to say” how advancements in AI technology will reshape the industry landscape. As businesses increasingly adopt AI solutions, the long-term implications for IT companies and their operational frameworks are still unfolding. Investors are advised to keep a close watch on these trends as they could influence market directions in the coming months. With the festive season approaching in India, the demand for gold and silver is expected to rise, potentially affecting prices further. As consumers and investors alike look to diversify their portfolios, Shah’s insights on precious metals may prove beneficial for those navigating the current economic climate. In summary, while the gold price outlook remains positive due to central bank purchases, uncertainties persist regarding market returns and the evolving role of AI in the IT sector. Investors are encouraged to stay informed and consider these factors in their investment strategies, especially in a rapidly changing market environment.