'Gold to me is not the equivalent of a stock,' says Manish Chokhani (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold has historically been a hedge against inflation and should be bet on, according to Manish Chokhani, veteran investor and director of Inam Holdings Pvt.

However, ace investor Ramesh Damani disputed the claim, saying that equities are a better alternative due to the potential for higher returns on investment.

"Long-term track record for gold is 3% per annum if you go back 150 years of gold history. You're not doing anything great by buying gold," Damani said.

The two had their conversation at the NDTV Profit IGNITE event on Friday.

"If you're a trader that got it right, hats off to you. But generally, it delivers poorer, inferior retu

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