Gold is without doubt one of the most revered and profitable funding choices in India. Due to excessive liquidity and inflation-beating capability, it’s thought of an traders haven as properly. That’s why it has been discovered that gold worth bounce again strongly after fall within the yellow metallic worth. According to commodity specialists, if an investor has long-term perspective, then gold can simply ship double digit annual progress.
Here we give decade on decade return given by gold to the traders:
1] 1950 to 1960: According to TaxGuru.in, common gold worth in 1950 was round ₹99 per 10 gm whereas common yellow metallic worth in 1960 was ₹112 per 10 gm. That means, gold gave close to 13 per cent return to the traders on this decade.
2] 1960 to 1970: In this decade, gold worth went up from common ₹112 per 10 gm in 1960 to ₹184.50 per 10 gm common worth in 1970. So, internet decadal return given by gold on this interval was round 65 per cent.
3] 1970 to 1980: In this decade, common gold worth shot up from ₹184.50 per 10 gm to ₹1,330 per 10 gm. So, the valuable bullion metallic delivered 620 per cent return on this decade.
4] 1980 to 1990: In this era, common gold worth rose from ₹1,330 per 10 gm to ₹3,200 per 10 gm — giving round 140 per cent return to the yellow metallic traders.
5] 1990 to 2000: Average gold worth on this interval went northward from ₹3,200 per 10 gm to ₹4,400 per 10 gm — giving round 37.50 per cent return to the gold traders on this interval. According to taxguru.in, gold worth on this decade got here down after hitting ₹5,160 per 10 gm in 1996. From 1996 to 1998, common gold worth witnessed steep fall from ₹5,160 per 10 gm to ₹4,045 per 10 gm.
6] 2000 to 2010: Gold worth on this decade rose from ₹4,400 per 10 gm to ₹18,500 — giving round 320 per cent return to the gold traders.
7] 2010 to 2020: Speaking on the typical gold worth for the yr 2020; Vinit Khandare, CEO & Founder at MyFundBazaar mentioned, “In 2020, the average gold price in India was ₹48,651 per 10 grams.” That means, gold worth in India shot up from ₹18,500 per 10 gm to ₹48,651 — giving round 162 per cent return on this decade.
View Full PictureGold worth progress: Decade on decade
So, from 1950 onwards, gold traders acquired greatest decadal return of 620 per cent in 1970 to 1980 interval. 2000 to 2010 was the second greatest decade for gold traders as they acquired 320 per cent return on yellow metallic funding.
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