Gold Price: The price of gold continues to rise rapidly. However, on Tuesday, gold prices have declined in the bullion market. On Tuesday, the price of gold in the capital Delhi fell by Rs 400 to Rs 78,300 per 10 grams, while on Monday the price of gold closed at a lifetime high of Rs 78,700 per 10 grams. Experts believe that due to the festive season and then the wedding season, the price may continue to fluctuate. Apart from this, the increasing tension between Israel and Iran may further increase the price of gold.
The price of gold on January 2 was Rs 55,429
A tremendous increase in the price of gold is being seen in the year 2024. In the first 9 months of this year, the price of gold has increased from Rs 55,429 per 10 grams to Rs 71,358. According to the report of the World Gold Council, the price of gold on January 2 this year was Rs 5542.29 per gram, which increased to Rs 7135.85 per gram on October 7, 2024. That is, during this period, the price of gold has increased by Rs 1593.56 per gram (Rs 15,935 per 10 grams) in about 9 months. This simply means that the price of gold has increased by 28.75 percent so far this year.
Gold gave strong returns compared to the stock market
The special thing is that during this period, even the stock market investors did not get as much profit as the people investing in gold got. Actually, on January 2 this year, the Sensex closed at 71,892.48 points and today it has closed at 81,634.81 points. That is, during this period, the Sensex has registered an increase of 9742.33 points. This simply means that while the price of gold has increased by 28.75 percent this year, on the other hand, the Sensex has increased by only 13.55 percent.