Gold vs Equity Returns in 2024
R@hul Potu / 26 Dec 2024/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Letters to Editor, MF - Letter to Editor, Mutual Fund
Relating to your cover story in the last edition, I wanted to know the return comparison given by gold and equities in 2024.
Relating to your cover story in the last edition, I wanted to know the return comparison given by gold and equities in 2024. - Sumedh Nath [EasyDNNnews:PaidContentStart]
Editor Responds : Thank you for writing to us. The year 2024 has shown some contrasting trends in the stock market. Gold has shone brightly over equities by delivering impressive returns of about 20.5 per cent on a YTD basis till December 24, whereas Indian equities (Sensex) have delivered a modest return of about 8.9 per cent on a YTD basis.
Gold outperformed Indian equities in 2024 due to heightened global economic uncertainties, geopolitical tensions, and elevated inflation, which drove investors toward safe-haven assets. Additionally, the sluggish growth in corporate earnings and subdued performance of some equity sectors made gold a more attractive investment. Additionally, the weakening of the Indian rupee also boosted gold prices, further enhancing its appeal over equities.
Wishing you a happy and prosperous new year.
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