Gold gained 18% in the last financial year, as against 1% for equities, and with geopolitical conditions remaining volatile, it has room to rise further
With equity investments delivering negligible returns over the past year, gold in all its forms is attracting investors. Besides jewellery, coins and bars, investors are buying gold exchange-traded funds (ETFs), gold bonds and even digital gold.
It makes sense because gold gained almost 18% year-on-year (end March 2023) while equities gave a return of about 1% in the same period. Gold prices are now hovering at ₹62,000 per 10 grams, compared with ₹52,000- ₹53,000 a year ago.
It makes sense because gold gained almost 18% year-on-year (end March 2023) while equities gave a return of about 1% in the same period. Gold prices are now hovering at ₹62,000 per 10 grams, compared with ₹52,000- ₹53,000 a year ago.