Blitz Bureau
MUMBAI: Gold has emerged as the best-performing asset class in FY25, delivering a remarkable return of 41 per cent in USD terms and 33 per cent in INR (rupee) terms, according to a National Stock Exchange (NSE) released, reported IANS.
In a year marked by global uncertainties and shifting investment trends, gold’s safe-haven appeal surged, making it the top choice for investors worldwide, including in India.
The NSE ‘Market Pulse report for April’ highlights that global gold demand rose to a 15-year high of 4,974 tonnes, driven by a 25 per cent increase in investment demand. Central banks across the world continued their buying spree, purchasing over 1,000 tonnes of gold for the third consecutive year – more than double the annual average seen between 2010 and 2021.
Reflecting this global trend, the Reserve Bank of India also increased gold’s share in its forex reserves to 11.4 per cent in 2024, up from 6.7 per cent in 2014.
Despite gold’s outperformance this fiscal year, the NSE report pointed out that over a longer period of 20 years, Indian equity markets have given higher returns.
The Nifty’s price return of 13 per cent and total return of 14.4 per cent have outpaced gold’s 10.5 per cent return over the same time frame.
