New Delhi, Sept. 14 -- Gold has delivered a strong run in recent years, with returns reaching 23% CAGR between 2019 and 31 August 2026.

But the longer-term history of the precious metal tells a more mixed story. Gold has gone through several extended periods in which returns remained subdued, even as it eventually outpaced inflation over longer investment horizons.

According to the September 2026 FundsIndia Wealth Conversations report, gold has historically beaten inflation over the long run, but investors should be prepared for lengthy periods of weak returns.

Gold has delivered 17.3% annualised returns over 10 years, 14.5% over 20 years, 12.2% over 30 years and 11.9% over 40 years, according to the report.

Gold prices have also seen...