New Delhi, Dec. 4 -- The year 2025 has delivered its share of surprises-some encouraging, others unsettling-for financial markets. From tariff uncertainty and geopolitical tensions to GST reforms and a flood of IPOs, investors have had plenty to digest.

After drifting sideways for most of the year, broader equity indices are finally showing signs of life. Against this mixed backdrop, two asset classes have emerged as standout performers in the latter half of the year.

Gold, a long-standing favourite of Indian households, posted an impressive 30% return in calendar year 2024, comfortably outpacing equities. Silver, straddling the line between monetary and industrial demand, delivered a 25.3% gain. In hindsight, many investors wish they h...