Be it gold and silver or the stock market, no stone has been left unturned for investors to earn this year. If we look at the returns of the expensive metals and the stock market for the current year, they are exactly the same. Especially both Sensex and Nifty have given returns in the range of 17.50 percent. Where Sensex has crossed the level of 85 thousand points. On the other hand, gold is currently more than Rs 500 below its all-time high. There is a very strong race between both.
Now both are on equal footing in terms of income. But there is another race on. This is a race where who among Sensex and Nifty will become a millionaire first? If we look at the numbers of both, Sensex seems to be ahead of Gold, but the capital market is quite unpredictable. No one knows what will happen here and when. Let us try to understand from statistics and experts, which of Gold and Sensex will reach the one lakh figure?
How are the stock market figures doing this year?
The stock market numbers in the current year have been quite excellent. The Bombay Stock Exchange has already crossed the 85,000 mark. If we look at the numbers, in the current year, the Sensex has seen a rise of 12,804.59 points. On the last trading day of last year, the Sensex was at 72,240.26 points, which increased to an all-time high of 85,044.85 points. This means that the Sensex has given a return of 17.72 per cent to investors in the current year.
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On the other hand, the main index of the National Stock Exchange, Nifty, was also not less than anyone in terms of returns. What is special is that Nifty has provided investors with 2 percent more returns than Sensex. However, Nifty is still struggling to reach the level of 26 thousand points. If we look at the data, Nifty has seen a rise of 4,250.1 points in the current year. On the last trading day of last year, Nifty was at 21,731.40 points, which increased to an all-time high of 25,981.50 points. This means that Nifty has given a return of 19.55 percent to investors.
Great performance of gold and silver.
In parallel with the stock market, precious metals have also left no stone unturned in generating income for investors this year. Gold and silver have given equal returns to Sensex and Nifty. Firstly, if we talk about gold, in the current year, it has seen an increase of Rs 11,434 per ten grams on the Multi Commodity Exchange futures market in the country. On the last trading day of last year, gold was at Rs 63,203 per gram on MCX, which has increased to Rs 74,637 per ten grams. This means that in the current year, gold has given investors a return of 18 per cent.
On the other hand, if we talk about silver, it has currently crossed the Rs 90 lakh level. If we look at the numbers, there has been an increase of Rs 15,888 per kg in the price of silver in the current year. On the last trading day of last year, silver was quoted at Rs 74,440 per kg. It is projected to rise to Rs 90,328 per kg on Tuesday. This means that silver has given investors a return of 21.34 per cent. In fact, silver has gained 3 per cent more than gold.
More golden chances!
Anuj Gupta, head of monetary commodities at HDFC Securities, said that this time in the budget the government had reduced import duty. After which a fall of over 6 per cent was seen in gold prices. At that time there was a fall in the price of gold by Rs 5-6 per ten grams. If the import duty had not been reduced, the price of gold would have been over Rs 80,000 or rather it would have been equal to the Sensex.
He further said that there is still a lot of potential in gold. Where both the Fed policy and geopolitical tension are supporting gold. On the other hand, currently the stock market is getting support from the current Federal Reserve policy. If there is a fall in the foreign stock markets during the geopolitical tension, its effect will be seen in the Indian stock market as well. It is very important to watch the next few months. It can be seen that gold prices touch one lakh first.
