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Ahmedabad 17 days ago
The Sensex has tripled in the decade leading to the highest yield of the deadliest outbreak of 2020, with gold up 87% and silver up 33%!
Gold has so far become the safest and best source of investment for investors in global catastrophes. Gold doubled in 2020. While Sensex only releases 13% return. Thus, the year 2020, despite the economic crisis, has once again proved profitable for investors buying gold-silver. In one year, the price of gold per 10 grams increased on average by 28% to 51,700. While silver with a yield of over 43 percent per kg at Rs. 67,000 is spoken of. Against these two precious metals, the Sensex hit an all-time high of 46,974 points with a return of 13%.
Expect a return other than the Sensex
In a year, a lakh of gold was worth more than a lakh and a half. Gold-silver has also proven to be the most rewarding of all investment instruments. The upcoming new calendar year is also optimistic about good gold-silver returns. Especially in silver rather than gold, market experts are hoping for a return in 2021 other than the Sensex.
International gold could reach 22 2250 an ounce
The price of gold in the world market reached a record high of 67 2067 on August 6, 2020. After falling to 14 1474 on March 19, it is now 188 1881 which could rise to 22 2250 by 2021 the next year.
In 2021, gold could be 62,000 and silver 87,000
By the end of 2021, silver could reach Rs 87,000. Silver in the international market will likely reach a low of 18 18 and a high of 36 36 over the next year to reach a low of Rs 46,000 over the internal market.
Platinum will replace yellow gold … in the hope of a double return
The yellow metal should be replaced by platinum in the coming days. The price of platinum jewelry may be cheaper and the demand may increase. Platinum will likely come back twice as much as gold and silver in the near future.
Sensex Silver Details 1-1-202041306403004700025-12-2020469745170067000
Gold Has Outperformed The Sensex In The Past 10 Years
Sensex Silver 201115518 (-25%) 27,575 (+ 31%) 50,500 (+ 9%) 201,219,581 (+ 26%) 32050 (+ 16%) 61,900 (+ 23%) 201321140 (+ 8%) 29,650 (-7%) 43,700 (-29%) 201,427,508 (+ 30%) 27,100 (-9%) 36,000 (-18%) 201,526,168 (-5%) 25,450 (-6%) 33,300 (-8%) 201,626,595 (+ 2%) 28,300 ( 11%)) 39,000 (+ 17%) 201,733,813 (+ 27%) 30,200 (+ 7%) 39,300 (+ 1%) 201,836,254 (+ 7%) 33,300 (+ 10%) 39,200 (-) 201,941,306 (+ 13%) 40,300 (+ 21%) 47,000 (+ 20%) 2020 * 46,974 (+ 14%) 51,700 (+ 28%) 67,000 (+ 43%)
* Date. The calendar based on the price year of December 24 shows the yield for the year 2020
Why hope for a good comeback in gold in 2021
1. Safe investments and the best returns can be found in crises like the Corona outbreak
2. Investment in gold and silver is also excellent due to the geopolitical crisis and the trade war.
3. The Federal Reserve to maintain long-term zero interest rates, gold-silver will shine brighter
4. Investor enthusiasm has grown in physical and gold ETFs
5. Risks are higher in segments like stocks, mutual funds while investing in gold will be safe.
6. Bullion Trend in Central Banks, Hedge Funds and SPDR Gold ETFs