Gold prices continue to fluctuate. On the last day of this year, the price of gold and silver has seen a rise. Today, gold prices rose by Rs 235 to Rs 49,675 per 10 grams. This information was given by HDFC Securities. On Wednesday, gold in Delhi Bullion market at Rs 49,484 per 10 grams, however, silver prices saw a jump of Rs 205 and prices rose to Rs 67,673 per kg. The yellow metal had closed at Rs 49,440 per 10 grams on the previous trading day.
Silver became costlier by Rs 273
Today, silver prices rose by Rs 273 to Rs 67,983 per kg as against Rs 67,710 per kg in the previous financial year. In the global market, gold and silver stood at US $ 1,894 an ounce and US $ 26.52 an ounce. Talking about the data from January 2011 to December 2020, gold has been heavy on both the Sensex and silver in terms of returns. Gold has given a return of 151 per cent in this decade.
Gold took a good lead in 2011, but again from January 2012 to June 2017 it was around 28,000. It gave no returns for five and a half years. Gold started picking up again from December 2019 and created a new historical level.
Soon Sovereign Gold Investment in bond scheme
Gold investors can buy gold under the Sovereign Gold Bond Scheme at a much lower price than the market price. The scheme is open for only five days and January 2021 is its last day. If you want to take advantage of this scheme, then avail this scheme soon. The profit on its sale will get many more benefits with exemption under Income Tax rules.
The scheme has started from 28 December 2020 and is its last day on 1 January 2021. The government has given up to five days to invest in the scheme. This is the ninth series of the financial year 2020-21 by the government to invest in gold bonds.