Gold vs other assets: average 10-year returns 2023 | Statista (2024)

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Gold vs other assets: average 10-year returns 2023 | Statista? ›

10-year average return of gold and other assets worldwide 2023. As of December 2023, U.S. stocks had an average 10-year return rate of 12.75 percent, whereas gold had a return rate of 4.57 percent.

The return of gold as an investment reached almost 25 percent in 2020, and the annual average price of gold increased overall since 2015. The rate of return was 4.09 percent in 2023.

Gold: Had 8.86% average return over the last 20 years, often seen as a more stable asset. Stocks: Outperformed gold with 10.27% average return, but can be more volatile.

Technical Analysis and Predictions for Diwali 2023

Within the Indian gold market, a similar congestion pattern prevails. Predictions from analysts suggest that gold prices could oscillate between ₹62,500 to ₹54,000 per ten grams in the foreseeable future.

To put this into perspective, we visualized the performance of gold alongside the S&P 500. See the table below for performance figures as of April 12, 2024. Over the five-year period, gold has climbed an impressive 81.65%, outpacing even the S&P 500.

For example, through the end of 2023, the 10-year return for U.S. stocks reached 12.75%, while gold averaged only averaged 4.57% in the same time period, according to data from Statista.

If you want to take advantage of this, keep your gold until the end of the year so the demand can creep up a little more, and then sell it in 2023. There's a high chance that the price of gold will go up even more in 2024, but as mentioned above, waiting can be dangerous.

The LBMA (PM) gold price ended 2023 at US$2,078.4/oz – a record high year-end close – generating an annual return of 15%. The average 2023 gold price of US$1,940.54 /oz – also a record – was 8% higher than 2022. Q4 gold demand of 1,150t (excluding OTC and stock flows) was 8% above the five-year average.

In my earlier article on gold, I wrote about the precious metal's undervaluation and its potential to appreciate much further, possibly reaching $4000 per ounce. I also emphasized that, despite the high-interest rates, the precious metal's price has been resilient.

How much has gold gone up in 10 years? ›

As of December 2023, U.S. stocks had an average 10-year return rate of 12.75 percent, whereas gold had a return rate of 4.57 percent.

Though it is difficult to predict the depreciation impact on gold prices in the short term, on a long-term basis, the impact is relatively stable. “Basis the historical records, Indian investors may expect around 3% additional yield over the dollar return of the gold on an annual basis on account of depreciation.

It had an annualized compound annual growth rate (CAGR) of 5.66%, and the CAGR since the U.S. went off the gold standard in 1971 is 7.81%. These figures suggest that gold has significant volatility alongside competitive returns, making it a potentially attractive option for both traders and investors.

Buy gold before prices rise

While the indicators above are mixed, the bottom line may be that now—April 2024—is the time to buy gold. Multiple industry experts say gold could have a record year, so you'll want to purchase your precious metals before prices soar.

What will gold be worth in 5 years? Two Jakarta-based commodity analysts forecast that the price of gold could reach as high as $3,000 per ounce in the next five years. While they remain bullish, they cautioned that many factors could affect the price of gold within this timeframe.

According to the latest long-term forecast, Gold price will hit $2,500 by the end of 2024 and then $2,700 by the end of 2025. Gold will rise to $3,000 within the year of 2027, $3,500 in 2028, $4,000 in 2030 and $5,000 in 2035.

Gold price stood at $2,334.80 per troy ounce

According to the latest long-term forecast, Gold price will hit $2,500 by the end of 2024 and then $2,700 by the end of 2025. Gold will rise to $3,000 within the year of 2027, $3,500 in 2028, $4,000 in 2030 and $5,000 in 2035.