PM Modi at Semicon 2025 on GDP Growth; Gold & Silver Prices Soar | India Today
Автор: India Today
Загружено: 2025-09-02
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At Semicon India 2025, Prime Minister Narendra Modi highlighted India's economic strength and growing global credibility. He announced the country recorded an impressive 7.8% GDP growth in the first quarter, despite global challenges. The Prime Minister stated, "The world trusts India, the world believes in India, and the world is ready to build the semiconductor future with India." The discussion then shifts to the significant rally in gold and silver prices. An expert from Motilal Oswal Financial Services, Navneet Damani, attributes the surge to factors like ongoing tariff wars, expectations of aggressive US rate cuts, and a growing de-dollarization theme. He forecasts gold prices could reach ₹1,06,000-₹1,07,000 by Diwali or Christmas, while silver might range between ₹1,35,000 and ₹1,40,000 by the end of the year, potentially outpacing gold in returns.
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