New Delhi, April 20 -- Gold has delivered a stellar performance in the first four months of 2025, gaining nearly 25 per cent and marking all-time highs on both MCX and COMEX.

Silver has also followed suit with a 15 per cent price gains on COMEX.

This sharp rally is attributed to a combination of heightened geopolitical risks, trade tensions--particularly between the U.S. and China--and a surge in safe-haven demand from both institutional and retail investors, Motilal Oswal Financial Services Ltd (MOFSL) said in a report.

The outlook for gold remains constructive, Motilal Oswal said.

Persistent trade tensions, inflationary pressures, and central bank gold purchases are expected to continue supporting prices.

As per Motilal Oswal, tech...