Bullish outlook for gold

An investment of Rs 100 in gold in 2001 would be worth Rs 460 today. The same amount invested in equities would be worth Rs 450, and in government securities Rs 296. Given the inherent safety which gold provides in times of crisis, these returns are far better than one would have expected. The unprecedented gold prices that we are seeing have been driven largely by investment demand over and above the real consumption demand for jewellery.

Full "Business Standard: Markets & Investing" article