Gold Investment: The biggest festival of the festive season, Diwali, is now just a few days away. Before that, the festival of Dhanteras will also be celebrated. Purchasing gold and silver on Dhanteras is considered very auspicious. From last Dhanteras till this year, gold has taken a huge leap and has filled the coffers of investors. Gold has given about 30 percent returns to investors. Even this year, gold has been rising continuously. Gold has also left equity behind in the year 2024. In such a situation, let us understand whether you should invest in gold this Dhanteras or not.
Last year on Dhanteras, gold was Rs 60,750 per 10 grams.
Last year Dhanteras was on 10 November. That day the rate of gold was Rs 60,750 per 10 grams. This year this yellow metal has come at the rate of around Rs 80 thousand. On the other hand, if we look at Sensex, it has increased by only 8 percent in the last 6 months. Last year, despite global tensions, inflation and economic slowdown, gold continued to rise. Gold has always remained the safest choice for investors. Central banks around the world have also continuously increased the purchase of gold since last year. Interest rates have decreased in America. Due to this, the right environment has been created for increasing investment in gold.
After the festive season, demand will increase further due to the wedding season.
This year, due to Dhanteras, the demand for gold is increasing rapidly. After this, this demand will increase further due to the coming wedding season. Due to the ongoing turmoil in the market these days, the emphasis of investors towards gold has increased further. According to experts, it is still the right time for investors to invest in gold. There are clear indications from the world that gold purchases will increase in future also. There are no signs of its price slowing down yet. Investors can also invest in Gold ETF. Investors can keep about 10 percent of their portfolio in the form of gold.
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