Gold vs silver, March 6 -- When conflicts strike and the geopolitical situation turns dire, investors often flock to precious metals like gold and silver. Ideally, the recent war between the US and Iran should have elicited the same reaction. But this time the playbook has flipped.

Gold prices indeed have risen, but silver has taken a knock. Interestingly, the rise in gold rate is also capped.

Firstly, let's look at the data. The trend in the domestic spot market as of close on March 5 indicates that silver has dipped over Rs.3400 per kilogram to Rs.2,62,595 from Rs.2,66,127 at the beginning of the conflict on February 28. At the same time, gold has eked out a gain of around Rs.1500 as the rally fizzled post hitting Rs.1,67,000 per 10 g...