In our country it is a trend to buy gold on any auspicious occasion or festival. Not only this, now people have started investing in gold too. Today 75th Independence Day is being celebrated in the country. Gold and silver have become increasingly expensive in the last 75 years. In 1947, gold was at Rs 88.62 per 10 grams and silver at Rs 107 per kg.
Gold prices increased 527 times in last 75 years
In 1947, when the country became independent, gold was at Rs 88.62 per 10 grams, which is now at 47 thousand. Business News, That is, since then gold has become costlier by 527 times (52709%).
Silver gave 584 times return
Talking about silver, it has become 584 times more expensive since independence. In 1947, the price of silver was around Rs 107 per kg and now it is at Rs 62600.
Gold can go up to 60 thousand in the coming one year
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that the damage caused to the economy due to the Corona epidemic will take time to recover. Unless the economy improves, gold will continue to give the highest returns. Latest Songs, Due to this, gold can go beyond 60 thousand in the coming 1 year.
India consumes 800 tonnes of gold every year
India consumes 700-800 tonnes of gold every year, out of which 1 ton is produced in India and the rest is imported. The import of gold in the country was 344.2 tonnes in 2020, which was 47% less than last year. In 2019 it was 646.8 tonnes.
