Buying gold after recent highs? Here's how the yellow metal fared in last 10 years

All That Glitters!

Tracking firm global rates and hopes of a slower rate hike by the US Federal Reserve, of late, gold prices in India have hit new highs.In the domestic futures market, MCX gold trades at around Rs 57,000 per 10 gm. The yellow metal is treated as a haven asset during uncertain times and in FY22 alone, it was the lead performer as an asset class giving returns of 13.9%. So far in this calendar year, gold is up around 4%. (Source: Motilal Oswal)With the precious metal scaling new peaks, here’s a quick recap on how it has performed in the last 10 years: