New Delhi, April 20 -- The gold-silver ratio has witnessed sharp volatility so far this year, tracking fluctuations in the prices of precious metals. On Monday, the ratio slipped below the key level of 60, hovering near a one-month low.

Earlier in the year, the ratio dropped below 44 in late January as silver prices surged. However, a subsequent correction in silver pushed the ratio above 70 in February. In March, it remained relatively stable above the 60 mark. With both gold and silver prices declining in April, the ratio has once again fallen below 60.

On April 20, gold prices traded lower, weighed down by a stronger dollar as reports of renewed disruptions in the Strait of Hormuz pushed crude oil prices higher, reviving inflation co...