- On Wednesday, gold rose by Rs 247 to Rs 48,403 per 10 grams in the capital.
- Silver also rose by Rs 825 to Rs 62,417 per kg.
- In the international market, gold was trading higher at $ 1,827 an ounce. While silver was steady at $ 23.17 an ounce.
In the international market, gold was trading higher at $ 1,827 an ounce. On the other hand, silver was steady at $23.17 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold was trading at $1,827 an ounce in Comex. This also gave rise to gold prices here.”
Gold is cheaper by about Rs 7800 from all time high
Even though gold prices are seeing a rise today, but in the long term, gold has become cheaper by about Rs 7800. In August 2020, gold had reached its highest level of Rs 56,200 and now gold has reached near the level of Rs 48,403 per 10 grams. In this way, the price of gold has fallen by about Rs 7800 so far. If you are thinking of buying gold, then this is a good buying opportunity.
How much return has gold given in previous years?
If we talk about gold, last year gold has given zero percent return. Earlier in 2020, gold gave a return of 28 percent. Last year also the return of gold was around 25 per cent. If you are investing for the long term, then gold is still a very safe and good option for investment, which gives great returns. The returns from gold in the past years are in front of you, which shows that investing is worth it.
How To Test Fake Gold: How To Know If Gold Is Real Or Fake, Here Are 5 Simple Ways!