Gold has quietly delivered one of the most powerful runs of the decade.
Since 2020, the price of gold in India has climbed from around ₹39,000 per 10 grams to over ₹1,15,000 today, a gain of nearly 200% in just five years. On a compounded basis, that works out to an annual return of about 24%.
To put that in perspective, the Nifty 50 – India’s benchmark equity index – returned roughly 17% CAGR over the same period. Gold, an asset often dismissed as “safe but dull,” has actually outperformed equities on a pure performance basis.
Yet, despite this rally, many investors missed the bus. Some kept waiting for a correction that never came. Others dismissed gold as an old-fashioned asset, overshadowed by the excitement of stocks, startups, and crypto. Only now, with the yellow metal tr