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Dhanteras 2024: The shine of gold is increasing with every passing month. Now as Diwali and Dhanteras approach, it is expected to create new records. On the last Dhanteras, the price of gold was around Rs 60 thousand, which this year has crossed the figure of Rs 78 thousand per 10 grams. It has given returns of more than 30 percent since last Diwali. Now market experts estimate that gold can also touch the figure of Rs 1 lakh per 10 grams. However, for this you will have to have some patience.
Heavy purchase of gold and silver expected on Dhanteras
Looking at the market trend, it is expected that there will be huge purchase of gold and silver this Diwali and Dhanteras also. According to the data of Indian Bullion and Jewelers Association (IBJA), gold rates have increased significantly from Diwali 2023 till now. It has given investors more benefits than the 28 percent return of the Nifty 50 index. In the year 2024 itself, the price of gold has increased by about 23 percent. It has outperformed equity returns. According to the report of Business Today, Sensex has been able to give only about 11 percent returns this year.
Gold can cross the mark of Rs 80,000 this Diwali
It has been said in the report that despite such high prices, the demand for gold is not showing any sign of decreasing during the festive season. It can cross the figure of Rs 80 thousand on Dhanteras. Due to the serious conditions prevailing in the world, investors are considering it as the safest means of investment. Along with liquidity, it also protects you from the effects of inflation. The purchase of gold is continuously increasing in every emerging economy.
Expected to touch a peak of Rs 1,03,000 by Diwali 2025
Market experts say that apart from gold, you can also invest in gold ETF and sovereign gold bonds. Now is considered the right time to invest in gold. You can buy gold with a target of Rs 1 lakh per 10 grams till next Diwali and Dhanteras. Its price is expected to reach Rs 1,03,000 per 10 grams by Diwali 2025. In the last 5 years, the rate of gold has almost doubled. Also, it has jumped 10 times in 10 years. There doesn’t seem to be any hope of this desire decreasing in the future.
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