Investment in gold is proving to be a 'boon' during recession, COVID-19 crisis

 

Gold is a useful asset in deep crisis, in the current difficult global conditions, this assumption is once again being proved right. Between the COVID-19 epidemic and the geopolitical crisis, gold is again setting a record and has proved to be a better investment option for investors than other assets. Analysts believe that gold will remain high for at least one-and-a-half years amid fluctuations. Experts say, "Gold prices are rising due to uncertainty in the world market. However, despite the 'physical' demand for gold being low, investors are looking for the best alternative to the yellow metal for their savings and investment amidst 'risk'. Has claimed, but the world is not very sure about it yet. However, he believes that as positive news about the vaccine comes, investment in other assets will increase and gold will stabilize.

 

Gold will remain at a high level for at least one year. He says that gold is a 'boon' for investors at this time of crisis. Gold may rise by 10 to 15 per cent around Diwali. The reason for the rise in gold at this time is 'hedging'. He said that the tension between US-China will remain until the US presidential election. After that things will be stable. At present, the price of 24-carat gold in Delhi Sarafa Bazar is Rs 53,000 per ten grams. In the last week of December 2019, it was at Rs 39,700 per ten-gram level. In this way, gold has gained more than Rs 13,000 in 7-8 months. From the point of view of investors, it has given a return of more than 30 per cent.