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Even after breaking records, the stock market lags gold, who made how much in 6 months?

Sagar Patel

By Sagar Patel

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Gold has gained more than the stock market in the first half of the year.

The stock market has reached its peak. On Wednesday, Sensex crossed 80 thousand points and Nifty crossed 24300 points. Even after that, the stock market has lagged far behind gold in terms of gains. The special thing is that gold is still around 3 percent cheaper than its all-time high. In fact, the first half of the calendar year is over. During this period, both Sensex and Nifty have given returns of around 10 percent to investors. On the other hand, gold has earned investors more than 13 percent. The special thing is that in the first half of the last five years gold has given positive returns 4 times. While Nifty has been able to give positive returns only 3 times. Let us also tell you what kind of numbers of gold and stock market are being seen in the first half.

Who crossed the fleet, the gold or the bag?

Firstly, if we talk about the stock market, in the first half of the current calendar year the stock market has set many records. Where Sensex has given 9.40 percent returns to investors. On the other hand, Nifty has given 10.48 percent returns to investors. If we talk about gold, it has made investors more money than Sensex and Nifty. According to the data, the price of gold was Rs 63,203 per ten grams on the last trading day of last year, which reached Rs 71,582 on the last trading day of June. This means that gold has given investors 13.25 percent returns in 6 months.

Who won the game in 5 years?

If we compare the performance of Gold and Nifty in the first half of the last five years, Gold seems to be winning here as well. Between 2019 and 2023, gold returns have been positive on four occasions. The highest return occurred in 2020 (13.71%) and the lowest in 2022 (0.59%). In the year 2021, a 3.63 percent drop in the price of gold was observed.

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On the contrary, Nifty has given positive returns on three occasions in 2019, 2021 and the first half of 2023. On the other hand, in the year 2022, Nifty gave a return of 12 percent for the entire year, which was the highest between 2019 and 2023. In the year 2020, due to Covid epidemic, there was a loss of 15 percent in Nifty in the month of March. Whereas in the first half of the year 2022, Nifty had to suffer a loss of 9 percent.

Gold down 3 percent from all-time high

Talking about gold, the price of gold is currently considered to be down by about 3 percent. On May 20, the price of gold had touched its all-time high of Rs 74,777 per ten grams. On Wednesday, gold prices touched a two-week high of Rs 72,573. This means that gold is getting cheaper by Rs 2,204 from its all-time high.

However, on the Multi Commodity Exchange, the gold price is quoted at Rs 72,350 with an increase of Rs 796 at 10:40 pm on Wednesday. However, on Wednesday, gold opened at Rs 71,713 and during the trading session it touched the lowest level of the day of Rs 71,685. According to experts, the gold price may touch Rs 78,000 by the end of next year.

Market at record level

On the other hand, the stock market closed at a record high on Wednesday. Sensex closed at 79,986.80 points with a gain of 545.34 points. While during the trading session, the Sensex touched an all-time high of 80,074.30 points. On the other hand, the main index of the National Stock Exchange, Nifty, closed at 24,286.50 points with a gain of 163 points. However, during the trading session, Nifty had touched its all-time high of 24,309.15 points.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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