6 hrs ago
Gold-Silver Ratio Reaches 68 as Experts Favor Holding Both Metals
The gold-silver ratio compares how much silver it takes to buy one ounce of gold.
On Tuesday, it was 68.
That means gold was doing better than silver relative to their prices.
Gold had fallen from its January high, while both metals dipped on Tuesday.
Experts say gold still has support from central-bank buying and uncertainty in the world.
Silver has support from factories needing it and from supply being tight.
They do not recommend giving up gold to own only silver.
Instead, they suggest buying gradually and keeping in mind that prices can fall quickly.
The gold-silver ratio rose to 68 on Tuesday, meaning 68 ounces of silver were needed to buy one ounce of gold.
Spot gold fell 0.3% to $4,127.87 an ounce, while spot silver fell 0.7% to $60.64.
Gold was about 26% below its January 2026 peak, with higher Treasury yields and a stronger US dollar cited as key pressures.
The report says central-bank buying supports gold, while persistent supply deficits and industrial demand underpin silver.
Experts advise against switching entirely from gold to silver and suggest staggered purchases while recognizing both metals can be volatile.
- Who
- Investors in gold and silver, with guidance from Tata Mutual Fund and commodity technical analyst Kaveri More of Choice Broking.
- What
- The gold-silver ratio reached 68, as experts recommended maintaining exposure to both metals rather than switching completely to silver.
- Where
- In global precious-metals markets.
- When
- The ratio rose to 68 on Tuesday; the article also discusses gold's January 2026 peak and prices around October 2026.
- Why
- The ratio helps investors compare gold's and silver's relative performance; the report says gold has defensive demand support while silver has industrial demand and supply-deficit drivers.
Key facts
- Gold-silver ratio
- 68 on Tuesday; it measures the ounces of silver needed to buy one ounce of gold.
- Spot gold
- $4,127.87 per ounce, down 0.3% at 0620 GMT on Tuesday.
- Spot silver
- $60.64 per ounce, down 0.7% at 0620 GMT on Tuesday.
- Gold correction
- Gold fell about 26% from its approximately $5,595-per-ounce January 2026 peak.
- Central-bank purchases
- Central banks bought 289 tonnes of gold in the second quarter of 2026; full-year purchases were expected to reach 700–900 tonnes.
- Silver supply
- The report said 2026 was on track to be the sixth consecutive year of silver supply deficits.
- Suggested approach
- Experts recommend staggered buying and maintaining exposure to both metals, rather than switching completely from gold to silver.
Quotes
Tata Mutual Fund
The mutual fund whose note discusses gold and silver market conditions.
“For investors who missed the earlier rally, current levels offer a significantly better entry point than at the start of the year, while the medium-term outlook continues to be supported by central bank demand, fiscal risks and geopolitical uncertainty”
livemint.com
“One should exercise caution, as rapid price appreciation in gold & silver can be followed by sharp consolidations. Consider all risks before increasing exposure to gold & silver directly or indirectly”
livemint.com
Sources
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