Gold Investment: Turmoil continues in the markets around the world. On the other hand, gold has got the highest returns in the last year. If you look at the figure of 1 year, then gold has given a return of more than 11 percent.
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Amidst the upheaval of the stock market, there is a rising trend in the prices of gold and silver. On Monday, setting a new record, gold crossed the level of Rs 60,000 per ten grams. However, on Tuesday, gold prices fell by Rs 470 in the bullion market. Talking about today’s rate, a rise of Rs 151 is being seen in silver prices on MCX at 10.49 am, while gold is also seen trading with a decline of 0.9 per cent.
One day boom and then fall.. In such a situation, this question must be coming in the mind of those who invest in gold whether it is right to invest in gold or not. If you have any such question in your mind, then through experts, you will be explained what can happen next.
effect of global cues
In fact, the panic of banking crisis which is visible on the global scale has made investors very cautious. For this reason, turmoil continues in the markets around the world. On the other hand, gold has got the highest returns in the last year. If you look at the figure of 1 year, then gold has given a return of more than 11 percent. Whereas during this period only 0.41 per cent returns have been received from the equity market.
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what do experts say
According to Ajay Kedia, MD and founder of Kedia Capital, the period of boom in gold which started during Corona is still continuing. According to Kedia, this year gold prices can go up to Rs 65,000 per ten grams. On the other hand, talk about silver, it can give strong returns even than gold and it can go beyond 1 lakh. Experts believe that central banks around the world are increasing their gold reserves. At the same time, due to festive season like Gudi Padwa and Akshaya Tritiya, a rise in gold prices can also be seen.
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Important reasons for the rise of gold
- Central banks around the world are buying gold, due to which a fast trend is being seen.
- The rising inflation factor is also seen supporting the gold prices.
- Weakness in the dollar index is also becoming a reason for the rise in gold prices.
- Gold is getting the benefit of the signs of recession due to the condition of the banking sector in the global market including America, Europe.
- In 2023, due to the possibility of fluctuations in the world market, investors are turning towards gold.