The year 2024 delivered mixed performance across asset classes, with gold emerging as the top-performing asset with a stellar +27% return, followed by silver at +22%. The Nifty50 continued its positive streak, gaining +8.8%, while crude oil prices declined marginally, and the Indian rupee weakened against the dollar.
Asset Class Returns in 2024
- Nifty50: +8.80%
- Gold: +27%
- Silver: +22%
- Crude Oil: -1.05%
- Indian Rupee: -2.92%
Key Highlights
- Precious Metals Outperform:
- Gold and silver benefited from safe-haven demand amidst global uncertainties, delivering robust double-digit returns.
- Gold’s +27% gain was driven by strong investor interest and global inflation concerns.
- Equity Market Strength:
- The Nifty50 recorded +8.8% growth, marking its ninth consecutive year of positive returns, supported by strong corporate earnings and domestic economic resilience.
- Energy Markets Under Pressure:
- Crude oil prices fell by -1.05%, reflecting global demand-supply imbalances and concerns over economic slowdowns.
- Currency Weakness:
- The Indian rupee depreciated by -2.92%, driven by a stronger dollar and widening trade deficits, adding to import costs.
The performance in 2024 highlights the resilience of equities and the strong appeal of precious metals in volatile markets. While crude oil and the rupee faced headwinds, investors benefited from robust returns in other asset classes, marking a dynamic year for the markets.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct their own due diligence or consult a financial advisor before making investment decisions.
