Gold Return History: In today’s era, people are very skeptical about investing in gold. This is because the price of gold as compared to 2020 is Rs. Down to 8,000. In such a situation, the question is whether a person is investing in gold at this time, whether he will benefit or lose after 5 years. Also, understand what some experts are advising on gold.
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56% revenue in the last 5 years
Before we talk about the future of gold, let’s look at its history. In 1970, 10 grams of gold cost Rs. Since then, the price of gold has risen 261 times compared to now. Even if we compare 2016 to today’s rate, there is still a good return. In August 2016, the price of 10 grams of gold was 31 thousand rupees, which has risen to 48 thousand today. That is, about 56% of revenue has been received in the last five years. Gold is at an all-time high in August 2020. But after that, prices fell. And 10 grams of gold has reached 43 thousand rupees. But after that, prices have increased again.
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What will the next 5 years look like?
According to Spain’s Quadriga Ignio Fund Manager Diego Parilla, gold prices may range from $ 3000 to $ 5000 per ounce over the next three to five years. If you look at this in Indian Rupees, the prices can be anywhere between Rs 78,000 to Rs 1,31,00. In 2016 Diego Parilla predicted gold would be at its record high in 5 years. And last year his guess was correct.
In addition, many Indian experts believe that gold will continue to make a profit until the economy is fully back on track. Similarly, if the third wave does not come, then there is no greater rise in expected gold.
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