Gold vs Reliance Industries stock: Which has given better returns in 2020 so far?
Of late, gold and RIL stock have been witnessing some profit-booking from their all-time high levels. However, both assets are still among top choices of investors who are skeptical about the ability of big economies to control the rising number of coronavirus cases across the world
- Aug 18, 2020,
- Updated Aug 18, 2020 7:16 PM IST
Gold price and Reliance Industries share have captured the imagination of investors in 2020 despite belonging to different asset classes.
A year, which majority of investors would like to forget due to substantial losses in their portfolios, has seen gold price and RIL share scaling all-time highs due to renewed investor interest.
While the yellow metal has risen 35.2% since the beginning of the year, RIL share price has clocked 37.9% returns during the period. Gold that stood at Rs 39,000 on December 31, 2019 closed at Rs 52,874 on August 17. It hit a lifetime high of Rs 56,191 per 10 gm on August 7, 2020.
Similarly, RIL share closed at Rs 1,500 on December 31, 2019. On August 17, RIL share ended at Rs 2,091 on BSE. The share of Mukesh Ambani-led conglomerate hit its all-time high of Rs 2,198 on July 27, 2020.
Gold price and Reliance Industries share have captured the imagination of investors in 2020 despite belonging to different asset classes.
A year, which majority of investors would like to forget due to substantial losses in their portfolios, has seen gold price and RIL share scaling all-time highs due to renewed investor interest.
While the yellow metal has risen 35.2% since the beginning of the year, RIL share price has clocked 37.9% returns during the period. Gold that stood at Rs 39,000 on December 31, 2019 closed at Rs 52,874 on August 17. It hit a lifetime high of Rs 56,191 per 10 gm on August 7, 2020.
Similarly, RIL share closed at Rs 1,500 on December 31, 2019. On August 17, RIL share ended at Rs 2,091 on BSE. The share of Mukesh Ambani-led conglomerate hit its all-time high of Rs 2,198 on July 27, 2020.