Gold prices are skyrocketing, how much investment will have to be made? , Gold Price At All Time High How Much You Should

How much should one invest in gold?Image Credit Source: File Photo

Gold prices are currently skyrocketing. Its price on MCX is around Rs 72000 per 10 grams. In such a situation, if you are wondering whether this is the right time to invest in gold? If yes, then how much should you invest in gold? Is gold a good investment option in the long term? Let us understand…

The price of gold on MCX remains at a high level at Rs 71,682 per 10 grams. At the same time, the price of silver has also reached Rs 82,909 per kg. In such a situation, people who had invested in gold even 6 months ago can get very good returns now.

Is this the right time to invest?

If you also have a question in your mind whether this is the right time to invest in gold, then we should take a look at why the prices of gold remain so high? The main reason for this is China’s aggressive buying of gold. Apart from this, the continuing war between Russia and Ukraine at the international level and the war between Israel and Hamas are increasing tensions in West Asia.

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Due to all these reasons, big investors of the world are investing in gold for safe savings. Therefore, gold prices are increasing, because gold prices do not depend on cashflow, but on demand and supply, geopolitical situation and global economy. Meanwhile, the US Federal Reserve has also announced a cut in interest rates, the effect of which will start being visible after June.

In such a situation, correction is expected in the gold market after June. If this correction happens, the price of gold may come down a bit. Therefore, common investors or small investors should be careful while buying gold at high levels now.

How much is invested in gold?

Now the question comes that how much is right to invest in gold? If you look at the history of returns on gold, it has given annual returns of up to 11 percent in the last decade. Whereas investing in the stock market is quite volatile and risky, in comparison to that, gold is a very safe investment. Not only this, investing in the stock market is difficult for small or new investors, because they do not have much information about it. In such a situation, gold can be a good investment option in the long term.

Now it comes to how much you should invest in gold, then gold is a good option to diversify your portfolio. This also reduces your risk. According to experts, it is a good practice to invest 10 to 15 percent of a person’s entire investment portfolio in gold. Along with giving good returns in the long term, it also provides security.

However, this is just a suggestion. Before planning your investment, you must consult your investment advisor once.

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Brijesh Pratap
Brijesh Pratap

Hi, I am Brijesh Pratap, a content creator and WordPress website designer, I have been in content writing for more than 3 years. I specialize in creating engaging articles. As a WordPress expert, I design websites for businesses and bloggers, aiming for both visual appeal and impactful content. Join me on this journey of creative exploration and effective online solutions.

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