Gold becomes a safe option for investment amid economic slowdown

Sep 08 2019 04:12 PM
Gold becomes a safe option for investment amid economic slowdown

New Delhi: Gold is touching new heights amidst the economic slowdown and silver prices are also rising and analysts predict that the luster of the yellow metal will remain for some more time. At a time when the country is undergoing slowdown, gold is among the few assets that seem safe and attractive to investors. 

Investors investing in precious metals in India are currently cutting 'silver'. Experts predict that the rise in gold prices will still continue and till Diwali, its price may set a new record. In this calendar year, gold has given investors more than 20 per cent profit, while in 2018 the investment return was around 6 percent. On December 31, the price of gold in Delhi was Rs 32,270 per ten grams, which is running at 39,000 today.

In this way, gold has given more than 20 per cent returns to investors in the year 2019. Similarly, silver has also reached the level of Rs 50,000 per kg in this calendar year from Rs 39,000 per kg. Thus, precious metals have given better returns to investors than expected.

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