As Indian athletes like Manu Bhaker, Sarabjot Singh, Neeraj Chopra, and Lakshya Sen compete for gold, silver, and bronze at the Paris Olympics 2024, the financial markets have also been making headlines. According to a recent report by CLSA, both gold and the Sensex have experienced significant gains since the Tokyo Olympics 2020, which were held in 2021.
Gold and Sensex Performance
Gold has seen a remarkable rise, with prices increasing from $1,806 per ounce (oz) at the start of the Tokyo Olympics to $2,387/oz as the Paris Games commenced on July 26, 2024. This represents an impressive 32.2% increase in gold prices over this period.
Similarly, the Sensex, India’s leading stock market index, has also demonstrated strong performance. The index has shown resilience and growth, mirroring the trend of precious metals during the same timeframe.
Implications for Investors and Athletes
The rise in gold prices reflects a broader trend of increased investor confidence in precious metals as safe-haven assets amid global uncertainties. The strong performance of the Sensex underscores the robustness of India’s financial markets and its growing economic stature on the global stage.
As Indian athletes strive for excellence on the global platform in Paris, the financial markets continue to reward investors with substantial returns, showcasing a period of growth and success both on and off the field.
I am Aparna Sahu
Investment Specialist and Financial Writer
With 2 years of experience in the financial sector, Aparna brings a wealth of knowledge and insight to Investor Welcome. As an accomplished author and investment specialist, Aparna has a passion for demystifying complex financial concepts and empowering investors with actionable strategies. She has been featured in relevant publications, if any, and is dedicated to providing clear, evidence-based analysis that helps clients make informed investment decisions. Aparna Sahu holds a relevant degree or certification and is committed to staying ahead of market trends to deliver the most up-to-date advice.
