2024-09-28 10:57:33
New Delhi: Most people consider gold to be a reliable asset for investment. The reason for this is that it can be easily used in a crisis. On the other hand, the price of gold is increasing significantly. This has also increased people’s confidence in it. Gold has crossed Rs 75 thousand per 10 grams. On the other hand, the stock market is also no less in terms of returns. It has given a tough competition to gold. In such a situation, while some investors like to invest in gold, some like the stock market.
Gold Rate Today: Gold on its way to best returns in 45 years, price reaches new record
How much return did gold give this year?
This year gold has given about 19 percent return. On January 1, 2024, the price of 24 carat gold was around Rs 63 thousand per 10 grams. Currently its price is around Rs 75000 per 10 grams. In such a situation, there has been an increase of Rs 12 thousand this year. That means it has given about 19 percent return in 9 months this year.
If you had bought gold worth Rs 1 lakh on January 1, its value today would have been Rs 1.19 lakh. That means you would have made a profit of Rs 19 thousand on investing Rs 1 lakh in gold in these 9 months.
How much return did the share market give?
The stock market has also created a storm in terms of returns this year (YTD). This year, in these 9 months, Sensex has given a return of about 18 percent. This return is less than gold. At the same time, Nifty has also given tremendous returns this year. Nifty Bank Index has given 11.60 percent return this year. Although Nifty 50 was slightly ahead. It gave returns of about 20 percent.
If you had invested in a company on Sensex which had given 18 percent return this year, you would have made good profits here too. There would have been a profit of Rs 18 thousand on an investment of Rs 1 lakh this year. Although it is one thousand rupees less than gold.
Whose move will be next?
According to experts, both gold and stock market can give profits in future. In such a situation, investors can invest in anyone depending on their risk factor.
Gold price will increase
According to experts, the price of gold will increase in the coming few months. The reason for this is the season of Dhanteras and weddings. The price of gold on Earth may reach its highest peak. It is believed that by February next year, gold may cross Rs 80 thousand. It may see further rise after the reduction in interest rates by the US Federal Reserve.
stock market will also run up
The Indian stock market has also gained wings after the interest rate cut by the US Federal Reserve. Sensex record has crossed the figure of 85 thousand. Foreign investors are continuously investing in India’s stock market. According to experts, Sensex can reach the magic figure of one lakh by December next year.