Gold and silver prices in India have risen nearly 60% since Diwali 2024, far outpacing the Sensex, which gained only about 6% in the same period. The surge reflects a shift toward safe-haven assets amid geopolitical tensions, inflation concerns, and rupee weakness. Analysts cite strong festive buying, ETF inflows, and global uncertainty as major drivers. However, they caution that elevated prices and import costs could limit further upside. The trend underscores growing retail preference for physical assets over equities during volatile conditions.