Equity VS Gold: Know This Festive Season, Stock Markets

Equity vs Gold: Know this festive season, stock markets have given more returns or investing in gold proved more profitable deal.

During the festive season released for the last one month, the market was more than gold.

In the last one month, the Sensex has recorded a gain of about 7 percent, while the price of gold has increased by less than 200 rupees per 10 grams.

According to the market data, the Sensex was at the level of 40,593 points on October 12, which came to 43,443 on November 13, that is, the Sensex gained 2850 points in one month.

At the same time, the price of gold (24 carat) on October 12 was Rs 52,660 per 10 grams. On November 13, the price of gold (24 carat) was stated to be Rs 52,780 per 10 grams.

Accordingly, the price of gold increased by only Rs 120 per 10 grams.

Due to Corona, even before the initial lockdown on March 25, the market is looking sharper even when compared to the recent situation of gold and market.

On March 23 this year, the Sensex had reached a level of 26,498. On November 13, the Sensex was at 43,443 levels and according to this, the Sensex showed a rise of over 60 percent.

At the same time, the price of gold on March 23 this year was Rs 41,980 per 10 grams, which is Rs 10,800 less than the price of Rs 52,780 per 10 grams of gold on November 13 this year.

That is, gold has returned 25 percent since March.

According to Motilal Oswal Financial Services, gold in India has given a return of 159 percent in the last decade.

When compared to equities, the downs have given returns of around 154 percent and domestic equity index Nifty 50 93 percent in the same period, which makes gold a good performer. Gold has so far performed very well on a year-on-year basis.

According to Motilal Oswal’s report, apart from a slight drop in gold, gold prices have not disappointed investors. According to market experts, given the global situation, the market will continue to be bright for the next time.

The market has been trending for the last four-five days due to the positive news about the Corona vaccine globally.

Market experts believe that once the vaccine is confirmed to be in the market, the market may continue to gain momentum. In such a situation, the price of gold will remain at the same level or it may see slight fluctuation.