Gold under-performing stocks in 2013; prices fall over 8%

NEW DELHI-INDIA (Aug 9) Amid gloomy sentiment across various markets, gold is turning out to be a worse investment avenue than stocks so far this year, yielding double the losses compared to equities.

The gold prices have fallen by nearly 8.5 per cent since the beginning of 2013, while the stock market benchmark Sensex has dipped by about 4 per cent.

This is in sharp contrast to the earlier trend of gold outperforming the stock market, which has largely continued for more than a decade.