Beyond the Rally: Reevaluating Gold and Silver at Moneycontrol Global Wealth Summit 2026

Global Investors Reassess Gold and Silver in Diversified Portfolios

Investors are no longer adhering to traditional investment strategies, opting for more diversified portfolios that include assets such as gold and silver. This shift is partly driven by geopolitical tensions and war-led uncertainty, which have pushed precious metals back into focus. However, the question remains: are gold and silver still reliable hedges, or are they simply reacting to global triggers?

At the Moneycontrol Global Wealth Summit 2026, industry experts Swarup Mohanty, Vice Chairman & CEO of Mirae Asset Investment Managers, Kalpen Parekh, MD & CEO of DSP Mutual Fund, and Vaibhav Porwal, Co-founder of Dezerv, discussed how this shift is playing out and its implications for portfolios today.

Interest in gold and silver surged towards the end of 2025, but most of the investment came in after prices had already increased. This reflects a deeper behavioral shift, where moving between asset classes has become frictionless but is also driving shorter-term decisions. With global uncertainty, gold's resurgence appears to be more of a reactive defensive move than a deliberate strategy.

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However, Swarup Mohanty drew a contrast with how gold was traditionally viewed in India, where it was accumulated for long-term ownership rather than traded for short-term gains. This mind-set is evolving, with investors increasingly treating gold like equities, which can lead to behavior changes and potentially undermine its stability.

Kalpen Parekh highlighted the importance of diversification, noting that while gold tends to behave differently from equities, its value lies in its ability to balance a portfolio, rather than driving long-term returns. Even a small allocation to gold can be beneficial, but expecting it to perform as a reliable hedge in all conditions may not be supported by the data, particularly on inflation.

The discussion made it clear that gold still has a role to play in diversified portfolios, but not in isolation. Investors are moving towards more balanced portfolios, where allocation decisions are more deliberate and factors such as inflation, geopolitics, and central bank activity are taken into account, rather than just price momentum.

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