A large number of people in India invest in gold, mainly due to the return on gold. But there has been a decline in gold prices recently, and since then, doubts have been brewing in the minds of investors. Tell us about how much gold has yielded every ten years.
From the 1950s to the 1960s
According to TAXguru.in, the price of 10 grams of gold in 1950 was Rs 99 which rose to Rs 112 in 1960. That is, in the first 10 years, there has been a jump of about 13 percent in gold prices.
From the 1960s to the 1970s
The price of gold has gone up from Rs 112 per 10 grams to Rs 184.50 in these ten years. That is, during this period, there was a 65 percent jump in the gold price.
From the 1970s to the 1980s
In terms of earnings on gold, these 10 are very good. In these ten years, the price of gold has increased from Rs 184.50 to Rs 1330 per ten grams. During 1970-80, the payoff was about 620 percent.
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From the 1980s to the 1990s
During this period, a 140% return on gold was issued. Gold price has increased from Rs 1330 per 10 grams to Rs 3200.
1990 to 2000
Over the decade, investors have had about 37.50 percent return on gold. In 1996, gold cost Rs 5,160. But after that there was a drop in it. By the end of the decade, gold was priced at Rs 4,045 per 10 grams.
From 2000 to 2010
This decade is also good for gold investors. During this period, the price of gold ranged from Rs 4,400 to Rs. Increased to 18,500. That is, about 320 percent of the returns were received.
From 2010 to 2020
According to Vineet Khandar, CEO of MyFundBazar, gold prices have risen an average of 162 per cent in these ten years. At this time, gold has reached 48651 per gram.
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.
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