Gold Return: People’s craze for gold in India is not hidden from anyone and for this, customers buy gold jewelery with their hard-earned money or savings. It should not be surprising if the average gold purchase in India becomes equal to the total GDP of a country. However, despite gold being such a good asset class, common people are not able to take advantage of it because most of the Indians invest money in gold jewelery but are hesitant in investing in it.
Gold reaches 14 year high – is making good money
This year, the highest rise in gold prices in 14 years is being seen and gold has shown a rise of 28-29 percent in this entire year. There are small fluctuations in the gold rate but these do not affect the returns of gold. There is a possibility of further rise in the prices of gold by this Diwali because gold is shining in the global market also. Due to the tradition of buying gold and silver on Dhanteras during the five-day festival of Diwali, Indians find it necessary to buy gold jewelery or gold coins, idols etc. and due to this the demand goes up a lot.
You will be surprised to know the returns of gold
Talking about the golden metal gold, it is providing excellent returns to its investors due to which it often remains on the top in the list of most powerful investment assets. You will be surprised to know the returns of gold and may be happy as well as regretful – if you have not invested in gold…
In fact, gold has given a return of 29 percent in one year, whereas till now this year (15 October 2024), gold has given a return of 21 percent to its investors. The biggest highlight is that the 3 year return is 62%, which is not easily achieved even in good asset classes. Considering shares as an exception, it should be understood that as much as there are good returns in the stock market, there is also an equal amount of risk, whereas gold has always been considered a safe asset class. At present, even in times of global tension, gold has already given returns of 2 percent in a week and 4 percent in a month.
Whether national or international, the shine of gold remains everywhere.
The popularity of gold is such that it is generating huge income not only in the country but also abroad. If we look at today’s gold rates in India, it has become costlier by Rs 346 at Rs 76,701 per kg on Multi Commodity Exchange. At the same time, the gold rate in the international market has increased by 0.48 percent to $ 2675 per ounce and is continuously trading in the upper range.
read this also
7th Pay Commission: The wait of government employees and pensioners will end, announcement of increase in dearness allowance is possible today
