GET Stock QuotesNews18 APP
News18 English
»
1-min read

Gold and Silver Give Better Returns to Investors, Outshine Stocks

Gold and silver have given better returns to investors so far this year by surging up to 28 percent, compared to stocks which showed gains of under 8 percent.

Press Trust Of India

Updated:October 12, 2016, 6:38 PM IST
facebookTwittergoogleskypewhatsapp
Gold and Silver Give Better Returns to Investors, Outshine Stocks
Gold and silver prices have surged by 19.77 percent and 28.37 percent up to October 10 this year. (FILE PHOTO: GETTY IMAGES) Representative image

New Delhi: Gold and silver have given better returns to investors so far this year by surging up to 28 percent, compared to stocks which showed gains of under 8 percent.

Gold and silver prices have surged by 19.77 percent and 28.37 percent up to October 10 this year.

On the other hand, the 30-share barometer Sensex rose by just 7.52 per cent during this period. The index touched its 52-week high of 29,077.28 on September 8, 2016.

However, from its all-time high of 30,024.74, attained on March 4, 2015, the index is down 1,942.4 points or 6.46 percent.

Gold prices rose to Rs 30,410 per 10 grams from Rs 25,390 on December 31, 2015, while silver to Rs 42,750 per kg from Rs 33,300 per kg.

Earlier in the year, sentiment in the market was hit mostly by volatility in crude oil prices and worries over the health of the Chinese economy.

However, the post-Budget rally in the stock market in March helped cushion some of the losses.

On monthly basis, the 30-share index has gained since March onwards sans September.

As per market experts, gold outperformed other asset classes during weak markets as investors are driven by the safe haven syndrome. Data shows that gold has given positive returns in 12 out of the last 15 years.

In a double-whammy for investors, however, the two major asset classes — stocks and gold — had failed to generate positive returns last year.

In 2014, the stock markets had outperformed gold and silver for the third year in a row with much better returns for investors.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
TCS 3,429.95 +44.30 +1.31
Bharti Airtel 419.85 +13.60 +3.35
ICICI Prudentia 437.75 +19.60 +4.69
Mindtree 1,026.25 +26.30 +2.63
NIIT Tech 1,057.45 +61.25 +6.15
Company Price Change %Gain
Hathway Cable 33.35 -2.15 -6.06
TCS 3,429.90 +44.25 +1.31
M&M Financial 507.50 -2.95 -0.58
Indiabulls Vent 462.00 +33.30 +7.77
Uniply Ind 461.65 +17.60 +3.96
Top Gainers
Company Price Change %Gain
Bharti Airtel 419.95 +13.70 +3.37
M&M 851.10 +12.55 +1.50
TCS 3,429.80 +44.15 +1.30
Coal India 292.25 +1.75 +0.60
BPCL 385.80 +2.10 +0.55
Company Price Change %Gain
Bharti Airtel 419.60 +13.50 +3.32
M&M 851.25 +12.80 +1.53
TCS 3,430.00 +44.35 +1.31
Coal India 291.85 +1.75 +0.60
Yes Bank 324.00 +0.60 +0.19
Top Losers
Company Price Change %Gain
GAIL 328.65 -9.10 -2.69
Hindalco 230.50 -6.25 -2.64
Grasim 1,049.25 -31.15 -2.88
Vedanta 290.25 -7.15 -2.40
Cipla 588.80 -13.10 -2.18
Company Price Change %Gain
ONGC 179.40 -3.20 -1.75
Tata Steel 588.60 -9.65 -1.61
Maruti Suzuki 8,945.60 -122.80 -1.35
Larsen 1,360.10 -17.35 -1.26
Dr Reddys Labs 2,126.00 -30.25 -1.40