In the havoc of the epidemic Corona, gold is giving very spectacular returns. In the year 2020, gold has given about 24 percent return so far. At the same time, the stock market has received negative returns during this period. In Wednesday's trade, the futures of gold broke all their previous records. Gold price on MCX reached a record high of Rs 48 thousand 420 per 10 grams on Wednesday. Due to uncertainty about the Corona virus, there is a continuous investment in gold made safe haven. It is estimated that gold can reach the level of 50 to 52 thousand rupees per 10 grams by Diwali.
For your information, tell us tell you that on 31 December 2019, the price of gold on MCX was 39 thousand 108 rupees per 10 grams. At the same time, gold reached 48 thousand 420 per 10 grams on 24 June 2020. That is, 9 thousand 112 rupees or 24 percent returns have been received on every 10 grams. Talking about the current business year, even after March 31, gold has so far increased by 5 thousand 452 rupees per 10 grams. That is, during the Corona period, gold has been heavy on all investment options.
Apart from this, if we look at the history of gold in the last 10 years, we see that in the year 2011, gold gave 31.85 percent. After this, in 2012, gold investors got 12.92 percent returns. In 2013, those who invested in gold incurred losses and got negative returns of -8.09 percent. After this, gold also gave a negative return of -5.86 percent in the year 2014. In the year 2015 also, the negative returns of gold continued and it was -6.64 percent. In the year 2016, gold returns showed the biggest decline and it decreased by 10.08 percent. After this, gold started giving positive returns from the year 2017. In 2017, it gave 5.67 percent returns. Gold returned 8.24 percent in the year 2018. After this, the returns from gold in the year 2019 increased to 24.58 percent. Now in the year 2020, gold has given 24 percent return so far.
Also Read:
Gold prices fall, know new price
Golden opportunity to buy gold, steep drop in prices
Stock Selling returns to market, Sensex drops 250 points
Now these banks will have to work under the supervision of RBI
