Gold & silver climb ~60% since last Diwali while Sensex gains only ~6%

A recent review shows that over the past year, bullion assets in India — gold and silver — have out-paced equities. Gold and silver have surged roughly 60% since October 2024, while the BSE SENSEX has gained about 6% in the same span. The disparity underscores a shift in investor preference toward safe-haven assets amid global economic uncertainty, weakening rupee and sticky inflation. While jewellery and ETF demand remains elevated, analysts caution that metals are now trading at materially higher valuations.