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Dhanteras gold buying: 31% returns in one year and 57% returns in two years; should you buy gold this year?
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It is not only the short-term returns that look impressive, but even the long-term returns from the yellow metal are mostly in the double digits. Such a strong performance will influence many more to invest in the yellow metal around Diwali.
Historically, gold has seen multiple price corrections and stagnation for many years. So a good performance in the recent past offers no guarantee of higher returns. If you are planning to invest in gold, you must weigh your options and understand if the prices will continue to rise.
Year of Purchase
Dhanteras Day
Price in Rs (10 g, 999)
Holding Period
Absolute Return
Annualised Return (CAGR)
2023
10 Nov (Friday)
60,097
1 Year
30.6%
30.6%
2021
02 Nov (Tuesday)
47,644
3 Years
64.8%
18.1%
2019
25 Oct (Friday)
38,570
5 Years
103.5%
15.3%
2014
21 Oct (Tuesday)
27,558
10 Years
184.9%
11.0%
2009
15 Oct (Thursday)
15,905
15 Years
393.6%
11.2%
2004
10 Nov (Wednesday)
6,525
20 Years
1103.1%
13.2%
1999
05 Nov (Friday)
4,600
25 Years
1606.6%
12.0%
1994
01 Nov (Thursday)
4,806
30 Years
1533.5%
9.8%
Returns as on Oct 28, 2024, for gold (999 purity) price at Rs 78,505 per 10 g, Gold price source: IBJA
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