New Delhi, Dec. 11 -- Gold and silver have given stupendous returns this year. Domestic spot gold prices have surged by almost 70% this year so far, while spot silver has seen even stronger gains, surging by 115% in the same period. On the MCX, silver March futures hit a record high of Rs.1,93,452 per kg, surging by 2.5%, on Thursday, December 11. MCX gold February futures rose by more than half a per cent to Rs.1,30,719 per 10 grams.

The main drivers of gold and silver prices this year have been geopolitical risks, global macroeconomic uncertainties due to US tariffs, expectations of US Fed rate cuts, buying by central banks, and robust inflows in gold and silver exchange-traded funds (ETFs)

Currently, the gold-silver ratio in India st...