This Diwali 2020 is a unique experience for all amid the pandemic and while gold buying is deemed auspicious on the occasion of Dhanteras and is said to bring fortune and good luck.

In line with the interest, “Gold has become more precious than ever and clocked almost 44 percent returns at its peak this year.  Amid the economic distress caused by the Covid-19 pandemic, gold has lived up to the expectations while delivering great returns along with safeguarding investors’ portfolios”, according to a report by Religare Broking

Not only had the Covid-19 crisis, a group of many other factors such as the macroeconomic issues, political uncertainties, and investment demand steered the metal northwards.  As of now, gold prices are trading almost 10% down from their lifetime highs. The question that comes to everybody’s mind is-whether the long-drawn-out run is over for gold or it’s just a halt before the next leg of move all over again.

In the domestic market, the precious metal is holding strong with nearly 30% returns so far, even after a significant correction from its peak of around Rs 56,191/10gms at Multi Commodity Exchange, marked in early August., as per reports.

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