New Delhi, March 27 -- The gold-silver ratio has witnessed a sharp uptrend over the past month, indicating a relative outperformance of gold over silver. The ratio, which had declined to below 45 in January, surged to around 65 in March and was hovering near 64.20 on Friday.

On Friday, the spot gold prices gained 2% to $4,466.38 per ounce, while the US gold futures for April delivery rallied 1.9% to $4,461. Spot silver price rose 3.1% to $70.10 per ounce

The rise in gold-silver ratio marks a significant rebound after the ratio had spiked above 100 in April 2025, before plunging to sub-45 levels in January 2026.

The gold-silver ratio measures the number of ounces of silver required to purchase one ounce of gold. It is calculated by divi...