New Delhi. In the bad times of Corona, the price of yellow metal gold has fallen by more than Rs 12,000 in the last 10 months. On Thursday, the price of gold in Sarafa Bazar of the capital Delhi was reduced by Rs 217 to Rs 44,372 per 10 grams. In August last year, its price reached the level of Rs 56,590. This was the highest level of gold ever.
Investors are in a dilemma due to the continuous fall in price for some time. In such a situation, they are confused about the strategy to invest or stay in it. It is true that in the past, investment in gold has yielded attractive returns compared to many other instruments. But now investors have come up with many new options and instruments of stable income, which is showing the effect on the price of gold.
Why fall
Experts say that with the advancement of vaccination, investors are turning to high returns and risky places such as the stock market and the bond market. Due to this, there is a slowdown in the gold market. Investors are also turning to bonds due to the sudden surge in the bond market recently. Gold trading in India has also been affected by the strengthening of the rupee against the US currency dollar.
What to do investor
Despite the relatively low returns to gold in the current period, it remains a reliable area of investment for a long time. Gold investment is less risky compared to securities. Despite the situation not being very attractive at present, gold has given excellent returns in recent years. Last year it gave a return of 28 percent to investors. Its returns last year were around 25 percent.
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