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Gold, silver outshine stocks this year—Will fortunes reverse in 2026?
Mint Hyderabad
|December 26, 2025
This year, gold and silver outshone equity markets as foreign investors pulled out of Indian stocks amid high valuations and tepid earnings growth.
The tables may somewhat turn in 2026 as experts bet on the return of overseas buyers and bullion to remain range-bound. Yet, uncertainty is expected to prevail for smalland mid-caps, and large-caps are most likely to continue outperforming, according to market experts.
Here’s what 2026 holds for equity investors:
Comeback capital?
Foreign portfolio investors (FPIs) have staged one of their sharpest retreats from Indian equities in recent years, pulling out $17.9 billion in 2025 so far. Investors are rotating out of expensive markets and reallocating to regions offering clearer policy signals and more attractive valuations.
Dit verhaal komt uit de December 26, 2025-editie van Mint Hyderabad.
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