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Gold surpasses Nifty with 18% returns over 5 years

The yellow metal, which is in the middle of a bull rally, has given an annual return of 18% in the last five years that beats Nifty's 15% gain. However, the leading equity index still beat the yellow metal in terms of returns over several other time periods like one, three, 10 and 15 years,

Over the seven-year horizon, the returns were nearly equal: Compared to Nifty's compound annual growth rate (CAGR) of 15%, gold's was 14%, Amrita Farmahan, CEO, Ambit Global Private Client said in the report.

So far this year, globally gold prices have jumped about 20% to the current level of around $2,390/ounce. In mid-April the price of the yellow metal had briefly breached the $2,400-level too, a life-time high figure.

In the domestic market as well, gold prices had jumped above the Rs 70,000/10gm mark in early April and was almost on the verge of breaking above the psychologically important Rs 75,000 mark on the MCX during the month. Since then it has cooled a bit to the current level of about Rs 73,000.

Source: ET

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