Nifty-gold ratio at depressed levels: What does it mean for Indian stock market investors?
The past year has been marked by a sharp outperformance of gold relative to the Nifty 50, with the precious metal rising over 70%, far outpacing the 10.5% return delivered by India’s benchmark equity index. This divergence has pushed the Nifty-gold ratio to depressed levels. Gold’s roughly 52% rally against relatively muted equity returns reflects…
