Gold Return: A 28 percent return on gold, the highest return in a decade

Mumbai, Friday 25 December 2020

The capital market is facing a risky environment due to the Covid-19 epidemic, which is becoming the first choice of gold investors in 2020, with about 28 per cent return on gold investment this year, the highest since 31.1 per cent in 2011, 15 per cent on gold. The average return for the year has been a whopping 14.1 per cent.

According to experts, the rise in global gold prices is also having an impact on the domestic bullion market, with international prices rising by more than 23 per cent this year, pushing gold prices to a record Rs 56,200 per 10 grams in the Indian market in August. That has been down more than 10 per cent since then and the total return has been 27.7 per cent.

Silver, meanwhile, touched a new high of Rs 77,840 per kg, the third-largest gain in gold investment since 2005, and only twice as much as capital investment. In 2013, its price fell by 18.7 percent.

Hope for a boom in 2021 too

According to rating agency Credit Suisse, gold prices could rise by up to 20 per cent by the July-September quarter of next year, with the president of the Delhi Bullion and Jewelers Association hoping that gold will maintain its highs for the next year and a half.

Goldman Sachs also hopes that the price of gold will rise in 2021 and that the spread of Bitcoin will not affect it, although some experts fear a slight decline, as investors now reinvest in risky assets such as stocks and mutual funds. Have begun to do.