Silver will beat gold, power to touch figure of Rs 1.25 lakh!
The shine of gold and silver is continuously increasing. The price of both these precious metals is constantly rising. The coffers of investors who have invested money in them are continuously filling up in the last one year. The price of 10 grams of gold in the country has reached Rs 81,060 and the rate of silver is Rs 1.12 lakh per kg. Now a report has claimed that silver can touch the figure of Rs 1.25 lakh per kg and gold Rs 86 thousand per 10 grams. It has also been said that silver can also surpass gold in terms of giving returns.
silver will beat gold in terms of giving returns in the medium to long term
The report of Motilal oswal Financial services says that silver will beat gold in terms of giving returns in the medium to long term. It can touch the figure of Rs 1.25 lakh per kg on MCX and $ 40 on COMEX in the next 12 to 15 months. silver still performed better and crossed the figure of Rs 1 lakh per kg by giving an annual return of about 40 percent. The report claims that not only investors are buying it but its industrial demand also remains strong.
gold gave a record-breaking performance in the domestic market and COMEX
The report says that the demand for gold will also remain strong. It can be bought with a target of Rs 81 thousand in the medium term and Rs 86 thousand in the long term. It can touch the figure of $ 2,830 on COMEX in the medium term and $ 3,000 in the long term. According to Manav Modi of Motilal oswal, gold has been performing well since 2016. It has touched an all-time high by giving a return of about 30 percent so far this year on the domestic market and COMEX. After the US presidential election, its movement will have to be monitored. However, due to diwali and Dhanteras, gold and silver will continue to move ahead for now.