Gold made investors rich before Dhanteras!
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. Buying gold and silver on Dhanteras is considered extremely auspicious. From last Dhanteras to this year, gold has taken a long leap and filled the coffers of investors. gold has given investors a return of about 30 percent. This year too, gold has been continuously jumping. gold has also overtaken equity 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. The rate of gold on that day was Rs 60,750 per 10 grams. This year, the yellow metal has come down to around Rs 80,000. On the other hand, if we look at the Sensex, it has increased by only 8 per cent in the last 6 months. Last year, despite global tensions, inflation and economic slowdown, gold continued to move ahead. gold has always remained the safest choice of investors. Central banks around the world have also increased gold purchases continuously since last year. Interest rates have come down in the US. Due to this, the right environment has been created for increasing investment in gold.
After the festive season, the 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 upcoming wedding season. Due to the ongoing upheaval in the market these days, the focus of investors towards gold has increased further. According to experts, it is still the right time for investors to invest in gold. Indications of increasing gold purchases are coming from all over the world. There are no signs of its price stopping yet. Investors can also invest in gold ETFs. Investors can keep about 10 percent of their portfolio as gold.