Gold prices have plunged: Should you buy yellow metal this Diwali?
60-Word AI Digest
If we look at gold from one Diwali to the next and it has rewarded patient buyers. On the MCX, gold has risen from Rs 50,986 per 10 gm in November 2020 to about Rs 1,45,800 now. That is almost 3 times the price. It has fallen in only one of the seven Diwali-to-Diwali periods (down...
Key Takeaways
- If we look at gold from one Diwali to the next and it has rewarded patient buyers.
- On the MCX, gold has risen from Rs 50,986 per 10 gm in November 2020 to about Rs 1,45,800 now.
- That is almost 3 times the price.
If we look at gold from one Diwali to the next and it has rewarded patient buyers. On the MCX, gold has risen from Rs 50,986 per 10 gm in November 2020 to about Rs 1,45,800 now. That is almost 3 times the price. It has fallen in only one of the seven Diwali-to-Diwali periods (down 6.7% in 2021). The best run was last year, when it jumped 66.5%.
Original Publisher Attribution
This summary was curated from Times of India.