Gold has emerged as one of the best performing asset classes for investors. It has delivered a return of 11% (in rupees terms), according to data from the World Gold Council data as on 9 April, compared to a correction of over 25% in equities as on 13 April 2020. No wonder the investment demand for gold has gone up substantially.
“Precious metals such as gold have always been viewed as a safe asset class and are chased by investors in times of uncertainty or market turmoil. The recent surge in prices is more driven by macroeconomic concerns due to the covid-19 or novel coronavirus crisis," said Ankur Maheshwari, CEO, Equirus Wealth Management.
