Gold outperforms Nifty with 13.37% returns in first half of 2024; MCX gold contract gains Rs 8,400 per 10 grams

Gold vs Nifty returns: Gold has surpassed the performance of the Nifty index in the initial six months of 2024, generating returns of 13.37% in comparison to the 10.5% yield of the 50-stock index,The MCX gold contract has increased by approximately Rs 8,400 per 10 grams when measured in rupee terms, while the Sensex has risen by 2,279 points as of June 30, 2024.The July gold futures reached an all-time high of Rs 74,777 and are currently trading near Rs 71,800, according to an ET report. The gains in gold prices have been attributed to various factors, including tensions in the Middle East, increased demand from China, and expectations of interest rate cuts by the US Federal Reserve.