Gold Prices: The shine of gold and silver is continuously increasing. The prices of both these precious metals are continuously increasing. The coffers of investors who have invested in these have been continuously filling up in the last one year. In the country, the price of 10 grams of gold has become Rs 81,060 and the rate of silver has become Rs 1.12 lakh per kg. Now a report has claimed that silver can reach Rs 1.25 lakh per kg and gold can reach Rs 86 thousand per 10 grams. It also says that silver can leave gold behind in terms of returns.
Silver will outperform gold in terms of returns in medium to long term.
The report of Motilal Oswal Financial Services states that in the medium to long term, silver will outperform gold in terms of returns. It can touch Rs 1.25 lakh per kg on MCX and $40 per kg on COMEX in the next 12 to 15 months. Silver still performed better and crossed the mark of Rs 1 lakh per kg, giving annual returns of about 40 percent. It has been claimed in the report that not only investors are buying it but its industrial demand also remains strong.
Gold performed record breaking on domestic market and Comex
It has been said in the report that the demand for gold will also remain strong. It can be bought with a target of Rs 81 thousand in medium term and Rs 86 thousand in long term. It can touch the figure of $ 2,830 on Comex in the medium term and the figure of $ 3,000 in the long term. According to Manav Modi of Motilal Oswal, gold has been performing well since 2016. It has touched the all-time high by giving returns of about 30 percent so far this year on the domestic market and Comex. Its pace will have to be monitored after the US presidential elections. However, due to Diwali and Dhanteras, gold and silver will continue to rise for the time being.
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