In 2024, gold showed the highest profitability in rubles among financial instruments. According to the results of last year, this precious metal increased in price by 44.6%. In January, the yield on gold was 3.4%, with inflation of 1.14% accumulated since the beginning of the year. This is reported in the materials of the Bank of Russia.
Against the background of high interest rates in the economy, ruble-denominated money market funds and deposits, both ruble and foreign currency, also showed high returns in 2024.
At the same time, this factor has become negative for the shares of developers. The main drop in stock prices in this sector occurred in the second half of the year, after the termination of the massive preferential mortgage program.
The regulator emphasizes that in January 2025, the situation with the profitability of investments in various instruments has changed dramatically. Shares of construction companies have started to recoup last year's decline. In January, the construction industry index increased by 23.3%. Foreign exchange instruments such as deposits in US dollars and euros showed negative returns, taking into account the strengthening of the ruble.
