Gold Investment: Whenever there is an economic crisis in any country of the world, first of all investors start withdrawing their money from the market.
Image Credit source: Representational Image
Gold has always been known as a traditional investment. Especially in India it is always called the companion of trouble. The Global Banking Crisis including America, Europe has worsened the condition of the stock market. In 1 week, about 11 lakh crore rupees of investors have sunk in the market. People are fiercely withdrawing their money from the stock market. In times of such crisis, investors are now turning to gold.
Actually gold has given strong returns as compared to the market. Talking about the figures, the price of gold which was Rs 47,300 a year ago reached Rs 60,455 on Tuesday. Means in 1 year the profit of about 13000 rupees and that too by investing only 47000 rupees. Similarly, if someone had bought 20 grams of gold, he would have made a profit of Rs.26,000.
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Why is disenchantment with the market
On the other hand, if we talk about the stock market, selling is dominating here, especially since January 24 this year, there has been a lot of decline in the market. Earlier, in the Adani-Hindenburg case, investors were defrauded of crores, now the banking crisis has completed the right unturned. The banking crisis of America and Europe has become so dominant that in just one week, 11 lakh crore rupees of investors have sunk. In this chaos of the market, the condition of big stocks like Reliance, Adani Enterprises, SBI has also worsened.
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why gold is becoming everyone’s favorite
Whenever there is an economic crisis in any country of the world, first of all investors start withdrawing their money from the market. In such times, investors start looking for safe havens. Whether it is the era of Corona or the global recession crisis of 2008, investment in gold has increased every time, due to which the price of gold and silver starts rising during times of crisis. This time also something similar is being seen. After the earthquake that came in the equity market after January 24, investors have started turning their attention to the other side. Especially since March 8, till now gold and silver have given strong returns to the investors.