Nifty 50-gold ratio, March 20 -- After hitting below 1.50 last week, the Nifty 50-gold ratio witnessed improvement and came close to 1.60. This could become possible after a rally of around 250 points in the Nifty 50 index and a dip in the gold prices from around Rs.1,55,000 per 10 gm to around Rs.1,47,000 per 10 gm this week.

According to market experts, both gold and equities are moving in step these days, as both assets are tracking the US dollar and oil prices. They maintained that rising US dollar rates have capped the gold price rally despite the uncertainty caused by the US-Iran war. Similarly, equities came under selling pressure as oil prices surged after the Strait of Hormuz closure, renewing inflation fears and fueling buzz ab...