Gold Price: The price of gold continues to rise rapidly. However, a decline in gold prices was recorded in the bullion market on Tuesday. 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 had closed at a lifetime high of Rs 78,700 per 10 grams. Experts believe that due to the beginning of the festive season and then the wedding season, prices may continue to fluctuate. Apart from this, increasing tension between Israel and Iran may further increase the price of gold.
The price of gold was Rs 55,429 on January 2.
A tremendous increase in gold prices 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 of about 9 months, the price of gold has increased by Rs 1593.56 per gram (Rs 15,935 per 10 grams). 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, stock market investors did not get as much profit as the people investing in gold. Actually, on January 2 this year, the Sensex had closed at 71,892.48 points and today it has closed at 81,634.81 points. That means, during this period, an increase of 9742.33 points has been recorded in Sensex. 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.
