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Gold price review: Gold and silver are rich in 2020, find out how it will be in 2021

Gold has rewarded its investors over the past year. In 2020, gold prices rose by Rs 10,962 per 100 grams, while silver was stronger than expected. In one year, silver has increased by Rs 20718 per kg. However, the price of gold is 6052 rupees less than the maximum price. Similarly, silver is ৮ Rs25 less per kg as compared to its previous high price. If experts are to be believed, investing in gold and silver could be profitable this year. Gold can reach 63000 and silver 85000.

Gold is still cheaper than ever at Rs 6052

Metal Rate of 3020 December 2020 (Rs / 10 gm) August 2020 rate (Rs. 10)

Rate change (Rs / 10 g)

Gold 999 (24 carat) 50202 56254 -6052
Gold 995 (23 carats) 50001 56029 -6028
Gold 916 (22 carats) 45985 51529 -5544
Gold 750 (18 carats) 37652 42191 -4539
Gold 585 (14 carats) 29368 32909 -3541
Silver 999 67383 76008 -8625

Read more: Stock market, real estate, investing in gold will soon fulfill your dreams, diversify your portfolio

In early 2020, gold was priced at Rs 39,100 per 10 grams and 1, 1,517 per ounce. However, on December 31, 24 carat gold closed at Rs 39,240 in the bullet market. The initial outbreak of the epidemic was short-lived and the amount of gold was Rs 36,400, but then gradually it rose to Rs 56,254 per 10 grams. Silver also reached Rs 76,008.

In 2020, there was a move for gold and silver

DhaYou Rate of 3020 December 2020 (Rs / 10 gm) Rated as on 31st December 2019 (Rate / 10g)

Rate change (Rs / 10 g)

Gold 999 (24 carat) 50202 39240 10962
Gold 995 (23 carats) 50001 39083 10918
Gold 916 (22 carats) 45985 35944 10041
Gold 750 (18 carats) 37652 29430 8222
Gold 585 (14 carats) 29368 22995 6373
Silver 999 67383 / kg 46665 / kg 20718 / kg

Gold is back 27.7 percent this time

In the last ten years, this time gold has returned 27.27 percent. Earlier, in 2011, gold returned about 31 percent to investors. At the same time, gold prices in the international market have risen by more than 23 percent. At this point, silver investors cut a lot of silver. More than Rs 76,000 per kg was sold in the cheap market.

Lockdown took me to private school to get gold loan and lacquer fee admission from my job theft. My parents took me to school.

Read more: Higher return on investment is possible if the stock market is at the top

Why gold prices will rise

  • The dollar may weaken due to the new stimulus and as a result gold prices may rise again.
  • Gold will remain attractive to investors due to inflationary pressures due to large-scale stimulus.
  • In 2021, the demand for gold from India and China will be significant, which has been weak for the last few years and may rise again.
  • Comax’s gold price can be between Rs 2,150-2,390 per ounce, and MMS’s gold price can be between Rs 57,000-63,000.
  • The Covid-19 vaccine in 2021 will add a low interest rate, a boom in the equity market and gold-silver luster bought in ETFs.
  • Investors have no choice but to invest. This will increase the price of gold and silver.

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