At one time, looking at the boom in the stock market, it seemed that by the end of the year, Sensex and Nifty would prove to be the biggest heroes among the investors. But even before Diwali, both of them went bust and the investors went bankrupt. Meanwhile, Sensex and Nifty and even gold appeared to be fading in front of the shine of silver. So far in the current year, silver has earned investors about 3 times more than the Sensex and Nifty. At the same time, gold has given two to two and a half times more returns than both the stock market exchanges.
According to experts, due to festive demand and geo-political tension, there is an increase in both gold and silver. If we talk only about silver, there is a rise in silver due to increase in industrial demand and decline in supply due to less production. Let us also tell you what kind of figures have been seen by all four in the current year and who has earned how much money for the investors.
Silver earned more than 30 percent
If we look at the data of the country’s futures market Multi Commodity Exchange, even though silver has fallen by about Rs 3 thousand from its record high in the last two days, it appears to be on top in terms of earning. On the last trading day of last year, the price of silver was seen at Rs 74,440. Which now closed at Rs 97,134 per kg. This means that so far in the current year, silver has earned Rs 22,694 on one kg of silver. That means silver has so far given a return of 30.48 percent to investors. However, a few days ago, silver had reached its life time high of Rs 1,00,081.
How was the performance of gold in the current year?
In the current year, the performance of gold cannot be called bad at all, but it has been much less compared to silver. According to the data, the gold price on the Multi Commodity Exchange was seen at Rs 63,203 per 10 grams on the last trading day last year. Which came to Rs 78,532 per kg on October 25. This means that till now gold has earned investors Rs 15,329 per ten grams. This means that the price of gold has seen an increase of 24.25 percent. Recently, gold had reached a record high of Rs 78,919 per ten grams. It is expected that by Diwali, gold prices will reach the level of Rs 80 thousand.
How much did Sensex earn less than silver?
On the other hand, there has been a decline of 6 percent in the Sensex in the month of October. This is considered to be the biggest decline in any one month after the Covid year. Even after that, Sensex has given a return of 9.91 percent to investors in the current year. According to BSE data, the Sensex was seen at 72,240.26 points on the last trading day of last year. Which has currently reached 79,402.29 points. This means that the Sensex has seen a rise of 7,162.03 points. However, on September 27, the Sensex had reached a life time high of 85,978.25 points. From where a decline of 6,575.96 points i.e. 7.65 percent is seen.
Nifty earned more than Sensex
On the other hand, Nifty may have earned more than Sensex, but it is much less than silver. The main reason for this is that a decline of 6.32 percent has been seen in Nifty in the month of October. However, in the current year, Nifty has given a return of 11.27 percent to the investors. According to NSE data, on the last trading day of last year, Nifty was at 21,731.40 points, which has increased to 24,180.80 points. This means that in the current year Nifty has seen an increase of 2,449.4 points. However, Nifty had reached life time high on September 27 with 26,277.35 points. Since then, Nifty has fallen by 2,096.55 points or 8 percent.
