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News Topical, Digital Desk : Gold prices have been rising rapidly over the past few weeks. Gold has consistently delivered impressive long-term returns. There are many options for investing in gold, one of which is an Exchange-Traded Fund (ETF). India's oldest gold ETF is the Nippon India ETF Gold BeES. This gold ETF has delivered 950% returns since 2007.
10 lakh became 1 crore
Stock market investors are always on the lookout for multibaggers, but gold has quietly boosted the portfolios of those who have held it for a long time. India's oldest gold ETF, Nippon India ETF Gold BeES, has delivered a robust 950% return since its launch in July 2007.
This investment has turned an investment of Rs 10 lakh made 18 years ago into over Rs 1 crore today.
Gold continues to make new records
This strong growth comes at a time when gold is breaking records both globally and domestically. Gold broke records in India in the futures market, surpassing ₹1.22 lakh per 10 grams, while silver jumped above ₹1.5 lakh per kilogram. In the global market, gold is trading above $4,000 per ounce.
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