Over the past few years, those who buy gold on Dhanteras have become rich. If someone had also bought gold on Dhanteras last year, they would have already made excellent profits. Along with gold, silver has also given excellent returns. Gold has given a return of 33 per cent and silver a return of 40 per cent in a year. Breaking all records, silver has made more profits than the stock market.
Last year, Dhanteras was on November 10, when the price of gold was around Rs 61,000 per 10 grams. Now the price has increased to over Rs 80,000. This same year there has been an increase of more than 31 percent in the price of gold. The price of silver was Rs 70,000 per kg in the last Dhanteras, which crossed Rs 73,000 in January and now in the last 10 months, the price of silver has crossed Rs 1 lakh. The price of silver has risen more than 35 percent during the calendar year.
Record broken 45 years ago
Gold and silver have broken records for the last 45 years. According to data, the price of gold and silver has achieved the largest increase in 45 years in 2024. In 2007, gold had risen approximately 31%. The fastest increase of 133 percent was recorded in 1979. If gold continues to rise like this, gold and silver prices will continue to rise in the years to come.
Gold returned 2.5 times in 10 years
In January 2014, the price of gold was Rs 29,462, and it will reach close to Rs 80,000 in October 2024. That means it has returned more than 2.5 times during this period. Since last year’s Dhanteras, silver has risen almost 40 percent. Because of this, there was a 21.56 percent increase in silver last year. In Dhanteras 2020, silver returned 35.49 percent. In the year 2014, the price of silver was Rs 43,070 per kg, which has now increased to Rs 1 lakh per kg. That means it has also given investors more than double returns.
Left the stock market behind
This year, silver has given the highest returns compared to gold, Sensex and Nifty. This year there have been many ups and downs in the stock market. The biggest drop occurred in October. Sensex and Nifty have fallen by about six per cent. Despite this decline, Sensex has returned 9.91 per cent and Nifty has returned 11.27 per cent in the current year.
