As Nifty and Sensex gave flat to negative returns in FY23, gold prices surged upwards with constant demand from investors, both retail and institutional. Experts believe that the fear of inflation and uncertainty in the global markets, are the primary reasons investors are flocking towards gold, which is considered a safe-haven asset. Furthermore, the continuous buying from central banks has also contributed to the surge in gold prices. The trend is expected to continue in the coming months as investors look for more stable and reliable investments amidst market uncertainty.
Gold Prices Record Double-Digit Growth in FY23
Gold prices recorded double-digit growth in fiscal year FY23, proving to become one of the best alternatives to give strong returns amidst extreme volatility in the equities.
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