Invest In Gold Is Still A Good Investment?

We are observing since month of August, 2020 that price of Gold has increase tremendous. During August 2020 it reach to Rs. 52,000. If we look back, prices of Gold in the year 2000 was Rs. 4,400 while in the year 2010 it was Rs. 18,500 and in 2020 it has reached to Rs .52,000. This shows that within a span of 20 years it has increased from Rs.4,400 to Rs, 52,000 for 10 grams, roughly 12 times. Do you agree that this is the best ever investment? Compare your other investment like Shares, Mutual Funds with Gold and decide which one is better.

Some analyst said that the Yellow Metal is still offers investment opportunities because the reasons that led to hike will remain unchanged over coming months. Investors should allocate 10 percent of their surplus saving for gold.

Gold cannot be printed. Thus it is rising in comparison to  currencies being printed. Look at the chart where in last 95 years price of 10 grams  of gold is shown.

gold bars, studio shots, closeup

From the chart you can see that there is ups and down in the price of gold but ultimately it is beneficial to the investors.

10 GRAMS OF GOLD PRICE HISTORY FOR THE LAST 95 YEARS

YEAR PRICE YEAR PRICE YEAR PRICE YEAR PRICE YEAR PRICE
Rs. Rs. Rs. Rs. Rs.
1925 18.75 1944 52.93 1963 97 1982 1645 2001 4300
1926 18.43 1945 62 1964 63.25 1983 1800 2002 4990
1927 18.37 1946 83.87 1965 71.75 1984 1970 2003 5600
1928 18.37 1947 88.62 1966 83.75 1985 2130 2004 5850
1929 18.43 1948 95.87 1967 102.5 1986 2140 2005 7,000
1930 18.05 1949 94.17 1968 162 1987 2570 2006 8570
1931 18.18 1950 99.18 1969 176 1988 3130 2007 10,800
1932 23.06 1951 98.05 1970 184.5 1989 3140 2008 12,500
1933 24.05 1952 76.81 1971 193 1990 3200 2009 14,500
1934 28.81 1953 73.06 1972 202 1991 3466 2010 18,500
1935 30.81 1954 77.75 1973 278.5 1992 4334 2011 26,400
1936 29.81 1955 79.18 1974 506 1993 4140 2012 31,050
1937 30.18 1956 90.81 1975 540 1994 4598 2013 29,600
1938 29.93 1957 90.62 1976 432 1995 4680 2014 28,006
1939 31.74 1958 95.38 1977 486 1996 5160 2015 26,343
1940 36.04 1959 102.56 1978 685 1997 4725 2016 28,623
1941 37.43 1960 111.87 1979 937 1998 4045 2017 29,667
1942 44.05 1961 119.35 1980 1330 1999 4234 2018 31,438
1943 51.05 1962 119.75 1981 1800 2000 4400 2019 40,000

Author Bio

Qualification: CA in Practice
Company: AJIT SHAH & ASSOCIATES
Location: AHMEDABAD, Gujarat, IN
Member Since: 16 Sep 2020 | Total Posts: 4

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