There was a time when, watching the stock market boom, it seemed that by the end of the year, Sensex and Nifty would prove to be the biggest heroes among investors. But even before Diwali, both of them went bankrupt and the investors went bankrupt. Meanwhile, Sensex and Nifty and even gold seemed to fade in front of the shine of silver. So far this year, silver has earned investors about 3 times more than Sensex and Nifty. At the same time, gold has delivered two to two and a half times more profits than both stock markets.
According to experts, due to festive demand and geopolitical tensions, there is a rise in both gold and silver. If we talk only about silver, then there is an increase in silver due to increased industrial demand and a decrease in supply due to lower production. Let us also tell you what figures the four have seen in the current year and who has made how much money for investors.
Silver gained more than 30 percent
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If you look at the data from the country's futures market, Multi Commodity Exchange, although silver has fallen by around Rs 3,000 from its all-time high in the last two days, seems to be leading in terms of gains. On the last trading day of last year, the price of silver stood at Rs 74,440. Which now closed at Rs 97,134 per kg. This means that so far this year, silver has earned Rs 22,694 per kg of silver. This means that silver has so far given a return of 30.48 percent to investors. However, a few days ago, silver had hit its all-time high of Rs 1,00,081.
How was gold performing in the current year?
In the current year, the performance of gold cannot be called bad at all, but it has been much less compared to that of silver. According to the data, the price of gold on the Multi Commodity Exchange stood at Rs 63,203 per 10 grams on the last trading day of last year. Which reached Rs 78,532 per kg on October 25. This means that gold has so far earned investors Rs 15,329 per ten grams. This means that the price of gold has seen an increase of 24.25 percent. Recently, gold had hit a record high of Rs 78,919 per ten gram. By Diwali, gold prices are expected to reach the level of Rs 80,000.
How much did Sensex gain less than silver?
On the other hand, there has been a decline of 6 percent in the Sensex in the month of October. This is considered to be the biggest drop in a month after the Covid year. Even after that, Sensex has given a return of 9.91 per cent to investors in the current year. According to BSE data, the Sensex stood at 72,240.26 points on the last trading day of last year. Which has currently reached 79,402.29 points. This means that the Sensex has experienced a rise of 7,162.03 points. However, on September 27, the Sensex had reached an all-time high of 85,978.25 points. From which a drop of 6,575.96 points is observed, that is, 7.65 percent.
Nifty gained more than Sensex
On the other hand, Nifty may have gained more than Sensex, but it is much less than silver. The main reason for this is that Nifty saw a drop of 6.32 percent in the month of October. However, in the current year, Nifty has given a return of 11.27 per cent to investors. According to NSE data, on the last trading day of last year, Nifty was at 21,731.40 points, which has increased to 24,180.80 points. This means that in the current year, Nifty has seen an increase of 2,449.4 points. However, Nifty had reached its all-time high on September 27 at 26,277.35 points. Since then, Nifty has fallen 2,096.55 points or 8 per cent.
