Gold Return: The craze of people in India for gold is not hidden from anyone and for this, customers buy gold jewellery with their hard-earned money or savings . If the average gold purchase in India becomes equal to the total GDP of a country, then it should not be surprising. However, despite gold being such a good asset class, common people are not able to take advantage of it because most Indians invest money in gold jewellery but are hesitant to invest in it.Â
Gold reaches 14-year high – making huge money
This year, the highest rise in gold prices in 14 years is being seen and gold has shown a jump of 28-29 percent in this entire year. There are minor fluctuations in the gold rate but these are not affecting the returns on gold. There is a possibility of further rise in the prices of gold by this Diwali because gold is shining brightly in the global market as well. 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 jewellery or gold coins, idols etc. and due to this the demand goes up a lot.Â
You will be surprised to know the return on gold
Talking about the golden metal gold, it is giving a great return to its investors, due to which it often remains on top in the list of the most powerful investment assets. You will be surprised to know the return of gold and may feel happy as well as regret – if you have not invested in gold.
In fact, gold has given a return of 29 percent in one year, while this year till now (15 October 2024), gold has given a return of 21 percent to its investors. On the other hand, if we look at the most highlight, then the 3-year return is 62 percent, which is not easily available even in good asset classes. Considering stocks as an exception, one should understand that the stock market has as good a return as the risk, while gold has always been considered a safe asset class. At this time, even in the era of global tension, gold has already given a return of 2 percent in 1 week and 4 percent in a month.
Be it national or international, the shine of gold remains intact everywhere
The popularity of gold is such that it is earning a lot of money not only in the country but also abroad. If we look at today’s gold rate in India, it has become costlier by Rs 346 on the Multi Commodity Exchange and is at the price of Rs 76,701 per kilogram. At the same time, in the international market, the gold rate has risen by 0.48 percent to $ 2675 per ounce and is continuously trading in the upper range.
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