Correlation of gold returns to Nifty returns has been negative. This means whenever Nifty falls, gold holds the fort.
India has seen a drastic change in investment patterns over the past couple of decades thanks to new investment options driven by easy-to-use tech platforms. However, one investment option has remained consistent over the last few decades, even over centuries--gold. We studied gold returns in conjunction with equity and debt markets, GDP growth rate and other factors. Below are a few of our insights: (image) As of March 31, 2023. Returns aren’t only about equities: Equity, as an asset class, has...