New Delhi, Sept. 11 -- Gold and silver prices on Multi Commodity Exchange (MCX) have posted extraordinary gains over the past year, delivering returns of over 50% and dramatically outperforming equities. MCX gold rates have surged over 52% while MCX silver price has rallied over 50%.

In stark contrast, the Indian stock market has remained nearly flat, with the benchmark the Sensex up just 0.07% and the Nifty 50 edging higher by 0.39% over the same period.

The rally in gold and silver has been underpinned by a combination of global and domestic factors. According to Jigar Trivedi, Senior Research Analyst, Reliance Securities, several themes are driving this outperformance:

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