Gold, Sensex, and Bitcoin have emerged as the top-performing assets in 2024, with each asset class delivering significant returns. Gold prices have reached fresh all-time highs in March, with the gold contract on MCX reaching Rs 66,356 per 10 grams. It has risen by Rs 3,529 or 5.64% in March and 4.93% in 2024 so far. The surge in gold prices is driven by investor demand for safe-haven assets, caution, and uncertainty [36a7f536].
The Sensex, India's benchmark stock index, has also performed well, delivering returns of 2.20% in March and gaining 1,619 points to end at 72,500. The Sensex's strong performance is attributed to positive market sentiment and investor confidence in the Indian economy [36a7f536].
Bitcoin, the leading cryptocurrency, has seen remarkable growth in 2024. It has recorded over 11% weekly returns and an impressive 62% returns in 2024 so far. Bitcoin reached a new all-time high of $70,085.85 on Friday. The surge in Bitcoin's price is fueled by investor demand for new US spot exchange-traded crypto products and expectations of a drop in global interest rates. The launch of easily accessible investment products that mimic Bitcoin's performance, such as BlackRock's Bitcoin-specialized exchange-traded fund (ETF), has contributed to the growing demand for Bitcoin [36a7f536].
In summary, Gold, Sensex, and Bitcoin have emerged as the top-performing assets in 2024, with gold prices reaching all-time highs, the Sensex delivering strong returns, and Bitcoin experiencing remarkable growth. These assets have attracted investor attention due to their impressive performance and the prevailing market conditions [36a7f536].