Gold emerged as the best-performing asset class in FY 2024-25, with a 41% gain in USD and 33% in rupee terms, reaching record prices above US$3,125/oz (Rs 88,946 per 10 grams), driven by heightened demand and central bank acquisitions. While gold excelled in the short term, Indian equities, represented by the Nifty 50, demonstrated superior long-term returns with a 13% annual increase over 20 years. Central banks, particularly the Reserve Bank of India, are expected to continue significant gold purchases amid ongoing global economic uncertainties.
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PM Modi invites Zelenskyy: Ukrainian envoy says date to be finalised soon; hails India's 'not neutral' stand on war
Prime Minister Narendra Modi has invited Ukrainian President Volodymyr Zelenskyy to visit India, with discussions ongoing to finalize a date, as stated by Ukrainian Ambassador Oleksandr Polishchuk. The envoy emphasized India's supportive stance in the Russia-Ukraine conflict and urged India to take a more active role in peace talks, reflecting the growing dialogue between the two nations. Want More Context? 🔎
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