News From Press Gold sizzles as world economy fizzles: CIO (Debt) of Kotak Mahindra AMC explains Will 2020 be the year of yellow metal?

Gold sizzles as world economy fizzles: CIO (Debt) of Kotak Mahindra AMC explains Will 2020 be the year of yellow metal?

On Akshay Tritiya, CIO (Debt) of Kotak Mahindra AMC on gold as an asset class

ET Apr 27, 2020

Gold was the ‘Student of the year’ for 2019 with a spectacular performance vis-a-vis financial asset classes. This came as a huge respite for gold lovers, especially Indians who have a a natural tendency to own gold – at times way beyond what may be needed. Hence the joy may be outflowing to gold investors as the winning streak continues well into 2020. In 2020, year to date, gold has returned ~21% annualised return!

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