Future Of Gold Investment In India
In India, people purchase gold or jewel for there needs like marriages, functions, for festival season.
To purchase gold Indians approach is not investment-based its need-based approach.
Gold has risen fast during the recent year, but may not give similar return over a long period. It may still rise till COVID 19 effect. As the world recovers growth, gold may fall it may come around 25000.
India is worlds second-largest consumer of gold. At the present gold, rate touched all-time high 53000+ for 10grams. Gold price may reach up to 82000 per 10 gram by 2021.
To invest in gold these options available
1) Physical Gold
2) Digital Gold
3) Gold Mutual Funds
4) Sovereign Gold Bonds
Gold Price From 2000 to 2020
Gold price from the last 20 years
2001 Rs.4,300.00
2002 Rs.4,990.00
2003 Rs.5,600.00
2004 Rs.5,850.00
2005 Rs.7,000.00
2006 Rs.8,400.00
2007 Rs.10,800.00
2008 Rs.12,500.00
2009 Rs.14,500.00
2010 Rs.18,500.00
2011 Rs.26,400.00
2012 Rs.31,050.00
2013 Rs.29,600.00
2014 Rs.28,006.50
2015 Rs.26,343.50
2016 Rs.28,623.50
2017 Rs.29,667.50
2018 Rs.31,438.00
2019 Rs.35,220.00
2020 Rs.53,500.00+