Muhurat Trading 2025: Gold and silver set to race past NIFTY50 this Diwali; check 10-year performance

The gold and silver roller coaster continues to surge upward, with investors on the edge of their seats, hoping the drop never comes, or at least not yet. On Monday, October 13, gold prices in Delhi were at ₹1,27,950 per 10 gram, according to the All India Sarafa Association. When compared to the ₹78,430 level last Diwali, gold is currently up over 63%. 

Adding to this bullish momentum, and to everyone’s surprise, silver has become the outlier this year. The white metal was at ₹94,631 on Diwali last year, and was recorded at ₹1,79,000 per kg on Monday, marking a surge of 89.1%. In the last four trading sessions, silver prices have climbed by ₹25,000. 

On the other hand, NIFTY50 closed at 25,227.35 on Monday. After the Muhurat Trading session in 2024, NIFTY50 closed at 24,304.35, which means it’s up by only 3.7%. 

Let’s look at how gold and silver have performed in the last 10 years in comparison to NIFTY50:

Gold, silver and NIFTY50 on Diwali

Key highlights:

• Between 2015 and 2024, NIFTY50 surged 211%, while gold and silver advanced 208% and 177% respectively. However, in 2025, gold and silver have outperformed NIFTY50.

• Silver has been more volatile than gold with large year-to-year swings.

• NIFTY50 witnessed the biggest jump in 2021, rebounding after COVID by climbing 40.2%.

• Before 2025, 2020 was the best year for precious metals, where gold rose by 33% and silver by 37%.

• In 2015, all three declined, making it the worst year overall in the last decade.

• During the said period, NIFTY50 led with overall returns, but gold showed steadier growth. In 2025, gold left the index behind in terms of absolute returns as well. 

What is Muhurat Trading and why is it significant?

Muhurat Trading is a symbolic one-hour special trading session conducted every year on Diwali to mark the beginning of a new Samvat, which means ‘year’ in the Hindu calendar.

While a Samvat technically begins on Chaitra Navratri (usually in March/April), it is often associated with festivals like Diwali. People consider, or say, that Samvat begins with Diwali to signify the start of the new financial year or the new investment cycle. 

Diwali is considered to be one of the most auspicious times for investments and money movements, and many align their financial strategies with this festival to attract prosperity. 

This time, it is Samvat 2082, as the Hindu calendar is 57 years ahead of the Gregorian calendar. 

Muhurat, a Hindi term, means an "auspicious period" for any good task or activity. Investors believe that trades during this auspicious session can bring wealth and prosperity throughout the year.

During this one-hour session, markets are often volatile. Last year, BSE Sensex rose by 354.77 points (0.55%) to end at 65,259.45 in the Muhurat Trading session, while NIFTY50 closed 100.20 points (0.52%) up at 19,525.55. 

The year of gold and silver

Both gold and silver have seen a remarkable year so far. Geopolitical tensions, market fluctuations, central bank buying, weak currencies and festive demand have been supporting gold’s bull run. Silver has advanced on the back of gold, but has also been supported by increasing industrial demand for the white metal and a major supply deficit in the global markets. 

With Diwali fast approaching, the precious metals could record more gains in the coming weeks, and the bubble seems too perfect to burst. The rising hopes for a rate cut by the US Federal Reserve and increasing trade tensions between the US and China are boosting gold and silver further. It is yet to be determined whether these metals will continue on their upward run through the next year or if investors should remain cautious for an unexpected dip.