Today, on the last day of 2020, the price of gold and silver rose in the national capital. According to HDFC Securities, gold today rose by Rs 235 to Rs 49,675 per 10 grams. The yellow metal had closed at Rs 49,440 per 10 grams on the previous trading day.
Silver became costlier by Rs 273
Talking about silver, today the price of silver rose by Rs 273 to Rs 67,983 per kg as against Rs 67,710 per kg in the previous trading session. In the international market, gold and silver stood at the US $ 1,894 per ounce and US $ 26.52 per ounce respectively.
Returned 151 percent in a decade
If you look at the data from January 2011 to December 2020, gold has been heavy on both Sensex and Silver in terms of returns. Gold has given a return of 151 percent in this decade. Gold took a good lead-in 2011, but after that, it was around 28,000 from January 2012 to June 2017. That is, it did not give any returns for five and a half years. Gold started picking up again from December 2019 and has created a new historical level.
Sovereign Gold Bond Scheme for Investors
Investors can buy gold at a much lower price than the market price under the Sovereign Gold Bond scheme. The scheme is open for only five days and January 1, 2021, is its last day. So if you want to take advantage of this plan, don't delay. The profit on its sale will get many more benefits with the exemption under Income Tax rules.
Chance to buy gold cheaply
The investment period under the scheme has started from 28 December 2020 and its last day is on 1 January 2021. The government has given up to five days to invest in the scheme. This is the ninth series of the financial year 2020-21 by the government to invest in gold bonds. The first series began on 20 April 2020 and ended on 24 April 2020.