New Delhi, Feb. 4 -- Following sharp selling on Friday and Monday, gold and silver prices have been on an uptrend over the last two sessions. Gold and silver rates today extended their Tuesday gains in the domestic and international markets. The COMEX gold rate today reclaimed the psychological $5,000 mark, and the precious yellow metal has been sustaining above this level since morning. The COMEX silver rate today opened upside and has been sustaining above $85/oz mark since morning. This has brought the gold-silver ratio today to around 58, down from a record 42 on Monday.

What the gold-silver ratio means for investors, NS Ramaswamy, Head of Research at Ventura Securities, said, "Silver and gold could witness continued upside rallies, ...