Crisil Research on Monday announced the launch of Crisil Gold Index to track the performance of gold prices in the domestic market.
The objective of the index is to provide an independent and relevant benchmark for performance evaluation of investment products with gold as underlying investment. This is Crisil's first index in the commodities space and the ninth overall.
According to the company, since the global credit crisis of 2008, gold has been consistently outperforming the equity market and eliciting enhanced investor interest. Between August, 2008, and July, 2011, gold has given an annualised return of 22.91 per cent compared to 9.3 per cent by S&P CNX Nifty.