There is a tradition of buying gold in India on Dhanteras. But in the last few years, this tradition has also brought a lot of benefits to gold buyers. In the last one year, 10 grams of gold has given investors more than 30 percent income. If we talk about the last 5 years, the price of gold for investors has more than doubled. Whereas the value of gold purchased on Dhanteras 10 years ago has tripled. It is clear that not only in the short term but also in the long term, gold has provided huge income to the investors. Let us try to understand from the data of India Bullion Jewelers and Association how gold has become a major source of income for investors.
Gold prices doubled in 5 years
If we talk about the last 5 years, the prices of gold have doubled. According to the data, the price of gold on the occasion of Dhanteras in the year 2019 was Rs 38,570. According to IBJA data, on October 28, the price of gold has reached Rs 78,505 per ten grams. This means that from then till now the price of gold has seen an increase of Rs 39,935 per ten grams. That means investors have got a return of 103.5 percent in these 5 years.
If we talk about the last 3 years, there has been an increase of about 65 percent in the prices of gold. In the year 2021, on the day of Dhanteras, the price of gold was Rs 47,644. Since then, the price of gold has seen an increase of Rs 30,861 per ten grams. In the last one year, gold has given a return of 30.6 percent to investors. This means that since last Dhanteras, there has been an increase of Rs 18,408 in the price of gold. Last year, the price of gold on Dhanteras was Rs 60,097 per ten grams.
How much money did you earn in 10 to 15 years?
In the short term, gold has given bumper earnings to investors. At the same time, even in the mid-term, gold has given bumper earnings to the investors. Gold prices have almost tripled in 10 years. In the year 2014, on the day of Dhanteras, the price of gold was Rs 27,558 per ten grams. In which till now an increase of Rs 50,947 i.e. about 185 percent has been seen. In the last 15 years, gold prices have given returns of about 5 times to investors. In the year 2009, on the day of Dhanteras, the price of gold was Rs 15,905 per ten grams. In which an increase of Rs 62,600 has been seen.
How much return did gold give in 20 to 30 years?
On the other hand, long term has given tremendous returns to gold buyers. The special thing is that this return ranges from 1100 to 1600 percent. According to IBJA data, the price of gold 20 years ago i.e. in 2004 was Rs 6,525. Since then, an increase of 1103.1 percent has been seen in the prices of gold. Whereas 25 years ago i.e. in 1999, the price of gold was Rs 4,600 per ten grams. Since then, gold has given a return of 1606.6 percent to investors. Whereas 30 years ago i.e. in 1994, on the day of Dhanteras, the price of gold was Rs 4,806. This means that from then till now the price of gold has seen an increase of 1533.5 percent.
