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Gold Rate: The price of 10 grams of gold was just 63 rupees, now 710 times the rate… how beneficial to invest?

Gold Investment: In the last 5 years, gold has given 61 percent return. In March 2016, the price of gold was 28 thousand per 10 grams. According to experts, if you also want to invest in gold, then you can invest for 5 years.

How right to invest in gold!

Gold Rate Today: There is a lot of movement these days regarding the gold rate. People often have a question about gold, how right would it be to invest in it? Is this the right time to buy gold? How much better returns will be made by investing money in gold? Experts say that gold is trading in a limited range. But, the coming days of gold will be golden.

If the prices of the year 1965 were taken as the basis, then the gold was only 63 rupees per 10 grams. But, today the price of gold is about 710 times more than that. Experts believe that gold will give the return of gold as usual. Gold is currently at 45 thousand rupees per 10 grams. But, given the wedding season, its demand is expected to increase. It is being said that gold can once again cross the 50 thousand level.

Good returns will come in the coming days

Gold has always been a good option for investment. It is being told that once again gold prices can give good returns to investors. According to the research report of Oxford Economics, currently gold is doing well. Last year too, it has set a high record.

But, at the moment, it is trading around 11 thousand rupees from record high. In such a situation, investors should consider the record high level as support level. By the end of 2021, gold will once again see a rise. Gold always gives good returns in the long term.

How right is it to invest in gold now?

According to Anuj Gupta, Vice President (Commodity and Currency) of IIFL Securities, gold prices are showing support in the country and the world due to the second wave of Corona. Upcoming events (Gold Outlook) are also seen supporting it. Gold demand is expected to increase on weddings season and Akshaya Tritiya.

In such a situation, gold prices can once again cross more than 50 thousand rupees. If the investor wants to invest in gold, this may be the right time. According to Anuj Gupta, gold is a safe-haven investment of difficult times. However, only 10-15 per cent of your portfolio should be invested in gold.

Gold has become 710 times more expensive in 55 years

You will be surprised to know that in the last 55 years, the price of gold has gone up by 710 times. If we consider the prices of 1965 as the basis, then the gold was only 63 rupees per 10 grams. Today gold is at 45 thousand. That is, the price of gold today is 710 times higher than in 1965. According to reports, gold has given a good return in the last one year. The one who would have invested money in March 2020 has got about 17 per cent return.

Gold price in March 2020 was 38800 rupees, which reached a record high of 56200 rupees per 10 grams. At the moment, it is around 45000 rupees. At the same time, gold has given 61 percent return in the last 5 years. In March 2016, the price of gold was 28 thousand per 10 grams. According to experts, if you also want to invest in gold, then you can invest for 5 years. Investing in gold for such a period can give unexpected gains.
(Money 9 report)

Also read: Big news on PF, government reverses budget decision! Exemption of 2.5 lakhs discounts, understand complete mathematics

Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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