Investment in gold and silver has been auspicious for the last seven years, investors have been earning only income for the last seven years.

Gold Investment Outlook: Buying gold and silver and investing in it on the auspicious day of Dhanteras is considered auspicious. This precious metal has indeed proved to be auspicious for investors. For the last seven years, investors have only earned profits in gold and silver. Barring 2021, gold has given attractive annual returns since 2016. Investments made in gold and silver in the last 13 years are today giving investors attractive returns of more than 30 percent. Gold prices in Ahmedabad bullion market from Dhanteras to Rs. Per 10 grams and the price of silver is Rs 19000. There has been an increase of Rs 25000 per kg.

Silver returns better than gold

Amidst global challenges, the prices of gold and silver have been increasing continuously for the last one year. In comparison, silver investors have received abnormal returns. In Ahmedabad, gold has increased by 30.64 percent per 10 grams and silver by 34.72 percent per kilogram from Dhanteras to Dhanteras. Last November 10, the price of gold was Rs 100. Per 10 grams and the price of silver is Rs 62000. 72000 per kg. Tomorrow gold will cost Rs. 81000 per 10 grams and silver Rs 81000. 97000 per kg was bid.

Silver will perform better than gold

According to Manav Modi, Commodity Research Analyst, Motilal Oswal Financial Services, there is a possibility of a positive trend in gold and silver due to factors like geopolitical crisis, uncertainty regarding elections in America, Fed rate cut. There may be a short-term improvement of 5 to 7 percent. But the outlook for gold and silver for the next medium to long term is positive. Silver is expected to outperform gold amid industrial demand and global uncertainties. In the next one year, silver on MCX will be worth Rs. 1,25,000 per kg and Comex silver will touch the level of $ 40 per ounce. In the next one year, gold on MCX will be worth Rs. 86000 per 10 grams and gold on Comex is expected to reach the level of $ 3000 per ounce.

Investors earned money in gold in the last seven years

Gold rush before and after Diwali