Gold outperforms Nifty with 13.37% returns in first half of 2024; MCX gold contract gains Rs 8,400 per 10 grams

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Times of India 2d ago

Gold outperforms Nifty with 13.37% returns in first half of 2024; MCX gold contract gains Rs 8,400 per 10 grams - Times of India

Quick Summary:

Gold vs Nifty returns: A comparison of the performance of gold and the Nifty index during the first half of the year over the past five years (2019-2023) shows that gold has had positive returns on four occasions, with the highest returns of 13.71% in 2020 and the lowest of 0.59% in 2022.

The participation by domestic market participants including the mutual funds and the retail, has been nothing short of spectacular, with their positive impact being largely felt despite the gyrations of the FPIs, with the Indian stock market adding almost $1 trillion in market cap over the past 6 months," Deo said.

The Nifty index, on the other hand, has delivered positive returns in three out of the five years, specifically in the first half of 2019, 2021, and 2023.