The business days of the new financial year have just begun. And there has been an increase of half a percent in gold. Apart from this, if we talk about the last financial year i.e. 2022-23, then gold has shone a lot during this period.
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The business days of the new financial year have just begun. And there has been an increase of half a percent in gold. Apart from this, if we talk about the last financial year i.e. 2022-23, then gold has shone a lot during this period. Investors have got more than 15 per cent returns during this period. In fact, gold has got the benefit of increase in demand and fall in rupee. For these reasons, investors have got good returns in the Indian market.
Now there will be a question in your mind that how will be the outlook of gold going forward. Will you get good returns by investing in gold in the current financial year as well? Let’s find out in this report of Money 9.
Why will there be a rise in gold?
Money 9 editor Anshuman Tiwari says that even earlier in the beginning of the year, it was estimated that there are many such things which are pointing towards the rise in gold. He said that investing in gold can prove to be a good option in the face of inflation. Gold gave the best returns among all the sectors last year.
People are assuming that this year one can get 15 to 20 per cent return by investing in gold. This is possible in the event of a bull run. He said that if there is a return of 15 per cent, then it can be considered very good.
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It has been said in the report that this year this situation can also happen because the demand for gold is increasing not only from the common people but also from the banks all over the world. All those banks of the world are trying to buy gold, who are apprehensive of a fall in their country’s currency.
The report further says that if you have invested in gold, then keep your investment. Because from the point of view of gold, this year is going to prove to be very good like gold. So, that is, if you have not invested in gold yet, then you have a good chance now.
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