Gold, silver outshine equities as Samvat 2081 draws to a close

Gold and silver extended their red-hot streak during Samvat 2081, even as equity-market returns moderated.

- SUNDAR SETHURAMAN

This was in contrast with the previous Samvat, when almost all asset classes delivered stellar returns.

Gold and silver jumped more than 60 per cent and 68 per cent, respectively, after rising over 30 per cent in Samvat 2080. The yellow metal sprinted from ₹79,238 per 10 gram to ₹1.27 lakh during Samvat 2081, while silver jumped from ₹96,670 to ₹1.63 lakh per kg, outrunning every major asset class. Meanwhile, the benchmark indices took a breather, with the Nifty and Sensex posting single-digit gains of 6.8 per cent and 5.8 per cent, respectively.

“The year gone by tested investor patience, with India lagging global peers despite strong domestic fundamentals. However, the stage now appears set for an earnings-led recovery,” said Amisha Vora, chairperson and managing director, PL Capital.