Gold Recent Performance
Gold is considered by many as a non-productive investment but it has always managed to give bumper returns in last few years going from around ₹35,000 in Jan 2020 to ₹60,000 in Jan 2023 an absolute return of approximately 62% over 3 years. Since October 2022, domestic gold prices have risen from ₹;50,760 per 10 gram to ₹58,800 per 10 gram.
Will it continue to shine?
It would not be wrong to say Gold is Devils instrument. It shines in instability, war, inflation, famine in other words instability.
Rajesh