All That Shines is Gold & Silver
Performance of Gold, Silver and Nifty 50
Precious metals gold and silver hold a special place when it comes to the investment journey of Indians. They help diversify investment risks and provide a hedge against market volatility, making them an essential component of a well-rounded investment strategy. Vaishnavi Chauhan explores the impact of precious metals on your portfolio.
For Indians, in particular, gold and silver have been a longstanding obsession. The primary reason for this is their liquidity. They can easily be converted into cash. Additionally, they serve as valuable collateral for loans. Historically, gold has played a vital role in India’s economic stability. During the 1991 crisis, when India’s foreign exchange reserves experienced a drastic dip, the country pledged 40 tonnes of gold to stabilise the situation. As of now, gold and silver are on a trailblazing path! These precious metals have surged to record highs in India, leaving many wondering - what is fuelling the flames.
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