Gold vs silver: The year 2025 belonged to silver in every sense. MCX silver prices still traded almost 40% below their peak of ₹4,20,048 registered in January. Gold prices are up 16% year-to-date (YTD) at a time when silver has risen over 11% in the domestic spot market. Also Read | Silver inventories on Shanghai exchange plunge to near 10-year lowsKunal Shah, Head of Commodities Research at Nirmal Bang, said, "The time of silver outperformance is done. With gold expected to outperform, Mallya said that in a portfolio of ₹100, if 15% is allocated to gold and silver, then 10% should be in gold and 5% in silver.

Source: Mint February 12, 2026 12:52 UTC