Gold & silver soar 60% since last Diwali, sensex gains 6%

MUMBAI: The trading for Samvat year 2081 that ended on Monday was marked by high volatility with geopolitical issues and rate cuts across the world taking centre stage. As uncertainty increased, across the world, investors eyed haven assets like gold and silver, and drove their prices to all-time peaks. Since last Diwali, the start of the Samvat year 2081, both the precious metals have gained nearly 60%. On the domestic front, all though the sensex and Nifty went up only marginally, Dalal Street investors were busy looking at its neighing Mint Road where RBI under a new governor went for a series of cuts in interest rates to keep the economy rolling without letting the inflation spike. While RBI’s actions cushioned Dalal Street investors, they felt jittery from the weakness of the rupee