Sensex vs gold: Which one will hit 1,00,000 milestone first?
Gold may have trumped the BSE Sensex in terms of 2024 returns, the race to reach the 1,00,000 milestone will be on, in 2025 as well. While there is a consensus that the feat is unlikely to be achieved by either asset class, this year, experts remain divided on the likely winner.
Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said that the chances of gold hitting the 1 lakh mark first, was higher given the economic uncertainties, geopolitics and Donald Trump taking over as the US President on January 20. According to him, Sensex could test levels around 95,000 by the end of 2025.
Anuj Gupta, Head, Commodity & Currency at HDFC Securities calls it too early to estimate 2025 returns by gold and Sensex given too many variables present in the equation. In his view, a 1 lakh mark for both these asset classes is not coming this year. However, between the two, Gupta feels the yellow metal to hit the target first.
Kranthi Bathini, Director-Equity Strategy at WealthMills Securities takes a contrary view. He sees gold at an inflection point following a stellar rally in the last 18 months. For him Sensex could get to the target first but not necessarily this year. Gold's prospects will hinge on the movement of Dollar Index (DXY), US Federal Reserve's policy decisions and the state of the US economy, he said.
Echoing a similar sentiment, Rajesh Palviya, Senior Vice President Research-Head Technical & Derivatives at Axis Securities said Sensex and Gold may not achieve the
