Gold & Silver Return: It is a tradition to invest in gold and silver during the festive season. In the month of Dussehra to Diwali, people usually invest heavily in these two metals. This year is also seeing the same trend, although it may be lacking due to Covid-19. In the festive season, people invest in gold and silver, but do you know how much returns these days bring in these metals. This year, Dussehra, Dhanteras and Diwali and Chhath is falling in October and November, then we have made the basis of the months of October, November and December here. You will be surprised to know that most of the negative trends in gold are seen in these 3 months. Although silver is positive in October and December, but there is a sharp decline in November.
Gold: Since November 2011
November 2011: 6.28%
November 2012: (-) 0.09 percent
November 2013: (-) 1.88 percent
November 2014: (-) 0.18 percent
November 2015: (-) 5.40 percent
November 2016: (-) 5.23 percent
November 2017: (-) 0.82 percent
November 2018: (-) 4.75 percent
November 2019: (-) 1.42 percent
Average Return: (-) 1 percent
Gold: Since December 2011
December 2011: (-) 5.96 percent
December 2012: (-) 0.70 percent
December 2013: (-) 2.98 percent
December 2014: 3.36 percent
December 2015: (-) 0.55 percent
December 2016: (-) 3.31 percent
December 2017: (-) 0.04 percent
December 2018: 3.81 percent
December 2019: 3.09 percent
Average Return: (-) 0.23%
Since October 2011
October 2011: 5.21 percent
October 2012: (-) 1.36 percent
October 2013: (-) 0.27 percent
October 2014: (-) 1.64 percent
October 2015: 2.59 percent
October 2016: (-) 2.58 percent
October 2017: (-) 1.03 percent
October 2018: 4.16 percent
October 2019: 3.36 percent
October 2020: 0.63 percent
Average return: 1.18 percent
(source: kedia advisory)
How does the return in silver
Silver has given an average negative return of 2.28 per cent during the last 10 months in November. However, in October, 1.15 per cent and 1.18 per cent returns in December were received in silver.
Read: RBI’s liquidity infusion increases investment in corporate bonds: ICRA
Gold display this year
On 31 December 2019, the price of gold closed at Rs 39108 per 10 grams on MCX. At the same time, gold reached a record high of Rs 56379 on 7 August 2020. After which there has been a steady decline in gold. Gold has fallen from its record high to Rs 50898 per 10 grams in Tuesday’s trade. That is, there is a drop of about 5500 rupees from the record high at every 10 grams.
Silver display this year
On 31 December 2019, the price of silver had closed at Rs 46711 per kg on MCX. At the same time, silver reached a record high of Rs 79,723 on 7 August 2020. Since then, silver has also declined. Silver has broken from its record high and has come down to Rs 61780 per kg in trading on Tuesday 3 November 2020. That is, there has been a drop of about 18 thousand rupees from record highs on every kilogram.
