What gives better returns over the long term — Sensex, or Gold? On the face of it, both seem to accrue equal gains over the years, notwithstanding the short-term fluctuations. Consider this: both gold price and Sensex were at nearly equal levels 21 years ago, and are trading at equal levels now. Back in the year 1999, gold prices averaged at Rs 4,234 per 10 grams, while the S&P BSE Sensex was at 4,141 points. And now, in the year 2021, gold prices have multiplied 12 times to Rs 49,659 per 10 gram (MCX February futures); on the other hand, well, the Sensex has also grown the same — 12 times to 49,625 points (at close on January 21).
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