By Admin 
Gold price this year: Gold has been a profitable deal for investors at all times. This year, due to tariffs, gold had risen 20 percent in the last two years amidst the global uncertainties made worldwide, while this year its price has risen to 27 percent. That is, if you compare with any other asset class in terms of investment, then gold has proved to be the most powerful.
Sona left the shares behind
The question arises that why equity and bonds are left behind against gold? If you talk about equity, then only 5 to 10 percent of the returns have been received from them amidst global upheaval.
BSE Sensex and Nifty 50 have given a return of about 6 percent in India. At the same time, in the global market, S&P 500 has given 8 percent, Nasdaq has given 10 percent and Dow 30 has given about 5 percent return to investors.
If we talk about the debt market, then its performance has also been weak this year. S&P U.S. The Agiget Bond Index has so far recorded an increase of only 5 percent (YTD). At the same time, the average return of the date -media duration category (YTD) has been less than 6 percent.
Gold demonstration in 10 years
In the last ten years, gold has given an average return of about 11 percent. That is, in ten years it has increased from $ 1,111 an ounce to $ 3,350 an ounce.
Causes of boom in gold
The price of gold has not increased due to any one reason. There are many factor behind this –
Changing global elaborate circumstances
Gold record shopping from central banks
War -like circumstances
High tariff and growing US loan imposed by former US President Trump
Due to all these reasons, there has been a historical rise in the price of gold. At the same time, the fear made about the uncertainties in the minds of investors is also continuously increasing the demand for gold. This is the reason that this year gold has given better returns than all other investment options.
According to the data of the World Gold Council, there has been some decline in the purchase of gold of central banks this year. In the first quarter, where 244 tonnes of gold was purchased, in the second quarter it was reduced to 166 tonnes. However, the report states that in the next 12 months the central banks plan to increase their gold reserve by 43 percent.
Where will gold reach?
At present, the price of gold is Rs 1,00,450 per 10 grams, which crossed the level of Rs 1 lakh for the first time on 23 July. Gold is trading at $ 3,375 an ounce in the international market, which is a return of about 35 percent in the last 12 months. Now the ahead of gold will depend on the US economy and global trade status. If economic and political uncertainty persists, then the price and height of gold can touch.
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