Gold has given positive returns of 21.84 percent in the past year, while returns on Silver have been 21.05 percent, as per a report by Motilal Oswal Asset Management Company. In October, Indian stock markets exhibited a negative trend, highlighted by a 2.84 percent fall in the Nifty 50 index, with the mid-cap 150 index leading the decline at 3.80 percent.
With the exception of Realty, all sectors reported negative performance. The Metals sector saw the steepest decline, dropping by 6 percent. In the US, the S&P 500 and NASDAQ 100 both experienced a 2 percent decline in October 2023, with the Healthcare & Consumer Discretionary sector being the largest contributor to the S&P 500’s fall. Globally.
Both emerging and developed markets saw negative performance, with declines of 4 percent and 3 percent, respectively. South Korea witnessed the most significant drop at 7 percent, while Switzerland led the decline in developed markets with a 5 percent fall.
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Crude oil prices nosedived by 11 percent during October, due to rising geo-political risks, low demand from the US, and mixed Chinese data. On the commodities front, precious metals were in the green with gold and silver prices rising by 7 percent and 1 percent respectively, amid rising tensions in the middle east. Cryptocurrencies like Bitcoin and Ethereum are soaring at 29 percent and 9 percent, respectively.
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