Markets

Religare Broking issues Diwali report with price targets for gold and silver

Originally reported by LiveMint Markets as: Buying gold or silver this Diwali? Which precious metal offers bigger upside in Samvat 2083? Check targets, strategy

8 Nov 2026, 1:42 pm IST · Xecute.finance News Desk

The crisp read

Religare Broking released its Diwali 2026 report recommending the accumulation of gold at ₹1,30,000 to ₹1,35,000 per 10 grams. The report also advises accumulating silver at ₹1,50,000 to ₹1,63,000 per kilogram. Specific targets and support levels have been established for both precious metals for Samvat 2083.

Deep dive - the full story

Religare Broking published its Diwali 2026 report advising investors to accumulate gold within the price range of ₹1,30,000 to ₹1,35,000 per 10 grams. For silver, the brokerage recommends accumulation between ₹1,50,000 and ₹1,63,000 per kilogram. The report outlines specific price targets and support levels for both precious metals heading into Samvat 2083. Precious metals traditionally serve as a safe-haven asset class and a festive investment staple in Indian households.

Brokerage accumulation ranges are calculated using technical chart patterns, historical seasonality, and macroeconomic factors such as currency fluctuations and global interest rates. Setting defined support levels helps investors manage downside risk during periods of high market volatility. Commodity traders and retail investors should review their precious metal allocations against these recommended price bands.

Maintain proper asset diversification and monitor global bullion trends before executing festive purchases. Bottom line: Structured accumulation ranges for gold and silver help investors navigate seasonal bullion buying.

Source: livemint.com

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