As gold prices inch closer to Rs 1 lakh per 10 grams mark again, CA Nitesh Buddhadev is advising investors to keep a long-term perspective. He pointed out that while gold’s recent surge may seem exciting, its performance over the years tells a different story.

Buddhadev wrote on LinkedIn, “Gold doesn’t always glitter: It gave almost zero returns for 8 years. This data will blow your mind. Yes, gold just touched Rs 1 lakh per 10 grams. Yes, it has given fantastic returns in the last 4 years. But before you jump in seeing this shiny headline — zoom out.”

He then shared a surprising fact that, over an eight-year period, gold gave almost zero returns. Between 2012 and 2019, the price of gold barely moved, from Rs 31,050 to Rs 35,220 per 10 grams. That’s a total return of just 13% over 8 years, which works out to less than 1.5% per year, mentioned CA Nitesh Buddhadev in his post.