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Nithin Kamath, CEO of Zerodha, noted gold’s 2,027% return since 2000, surpassing Nifty’s 1,470%. Gold showed steady growth, enduring market fluctuations, unlike Nifty.
Nithin Kamath shares Gold vs Nifty comparison for previous 24-years.
Gold Vs Nifty 50 Returns Comparison: Nithin Kamath, CEO of Zerodha, shared insightful data highlighting gold’s impressive performance against the Nifty since 2000. In a post on X, he remarked on gold’s favourable returns for Indian investors, emphasizing its diversification benefits.
Kamath’s 24-year comparative chart revealed gold yielded a staggering 2,027 per cent return since 2000, surpassing the Nifty’s 1,470 per cent. Notably, gold demonstrated consistent price appreciation over this period, withstanding major market fluctuations. Conversely, the Nifty experienced significant downturns, including the 2008 financial crisis and the Covid-19-induced crash.
“Nobody can explain what makes gold prices move, but it seems to work,” Kamath added.
I’m cherry-picking the date, but it’s kinda crazy that since 2000 gold seems to have generated higher returns than Nifty.We couldn’t time the launch of the GOLDCASE, @ZerodhaAMC ‘s Gold ETF any better😬 First, gold prices started shooting up and then the stopping of sovereign… pic.twitter.com/hxq3suJlNc
— Nithin Kamath (@Nithin0dha) April 3, 2025
An infographic shared by Kamath illustrated gold’s 18 per cent appreciation in 2025, contrasting with the Nifty LargeMid 250’s -6 per cent decline. Similarly, in 2024, gold outperformed with a 25 per cent return, while the Nifty LargeCap 250 yielded 19 per cent.
Interestingly, since 2005, gold has delivered a consistent average annual return of 20 per cent, experiencing negative returns in only three years. In 2023, gold yielded a negative return of -18 per cent, followed by -8 per cent in 2015 and -2 per cent in 2021.
Gold Prices At Record High Amid Tariff Buzz
Gold prices have already moved up sharply by Rs 11,983 per 10 grams or 7% in last one month to Rs 91,115 from Rs 85,320 logged on March 2.
In global market, spot gold surged past $3,132.53 per ounce as on April 2, after hitting an all-time high of $3,148.88 earlier in the day, fueled by concerns over US tariffs and potential economic fallout. US gold futures were 0.4% higher at $3,164.20.