Investors have the highest return on gold in a decade, a percentage return

Ahmedabad. 26 December 2020, Saturday

The corona epidemic has put the market at risk, making it the first choice of gold investors in 2020, with a return of about 28 per cent on gold investment this year, the highest since 31.1 per cent in 2011, an average of 14.1 per cent in 15 years. There has been a tremendous return of one 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.

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.