Diwali 2023: Why gold outshined stock market returns in last one year?
Gold has delivered 18% since Diwali 2022 while silver has ascended to the tune of 21% in this time
Buying gold and silver on Diwali is an age-old Indian tradition because it is believed that investing on this day is auspicious from wealth management perspective. However, from investment perspective, investing in gold is hedge against inflation. This means, investing in gold keep investors' money insulated from rising cost of livelihood. But, on some occasions, gold deliveries give higher yield than equities also.