New Delhi, March 6 -- Generally, gold and equities move in opposite directions as their movements capture two opposite moods. However, it's a rare time when both equities and gold are witnessing high volatility.

The Nifty-to-gold ratio has declined to near 1.5, based on gold's price in India and the Nifty's current value. This narrowing ratio shows gold's outperformance of equities in the recent past.

According to experts, when the ratio declines below 2.5, it indicates gold has seen solid gains while the returns from equities have been muted. Some experts read it as a signal that gold may see some profit booking and Nifty 50 may see an uptrend in the near future.

Over the past year, gold has rallied sharply amid persistent global tens...