Copper likely to lead commodities in 2026; gold, silver to deliver steady returns: Nirmal Bang

Nirmal Bang’s Kunal Shah expects copper prices to test higher levels on global and domestic exchanges. While gold and silver are seen staying supported, Shah said returns in precious metals may be more moderate in 2026 after sharp gains in 2025, with gold expected to deliver 10–15% returns and silver capped by supply dynamics.Nirmal Bang’s Kunal Shah expects copper prices to test higher levels on global and domestic exchanges. While gold and silver are seen staying supported, Shah said returns in precious metals may be more moderate in 2026 after sharp gains in 2025, with gold expected to deliver 10–15% returns and silver capped by supply dynamics.