Gold Price Today / Corona caught speed, rose 2000 rupees in gold, what will be the new record?

The stock market appears to be under tremendous pressure due to rising cases of Corona. Investors have begun to miss the decline of last March. Meanwhile, the glow in gold has started to return rapidly. There has been a sharp rise in gold prices in the last 10 days. On Monday, the Sensex has lost a massive 1700 points.

In fact, in April, gold prices have seen a rise so far. Rates still remain above 46,000. Last week, gold has strengthened by Rs 2000 per 10 grams. On the first day of April, gold was costlier by Rs 881 per 10 grams. After this boom, gold had reached above 44500. Similarly, on April 1, silver prices rose by Rs 1,071 to Rs 63,256 per kg.

Earlier, between January and March-21, gold on MCX gave a negative return of 11 per cent. Whereas gold at COMEX gave a negative return of 10 per cent. At the same time, looking at the return of 1 year, gold has given a positive return of 3% on MCX, while 5% has been given on COMEX.

Silver graph

At the same time, silver gave a negative return of 6% on MCX between January and March. Whereas on COMEX, silver gave a negative return of 8 per cent. On the one-year graph, silver has given a positive return of 60% on MCX, while 66% has been given on COMEX.

Significantly, the stock market gave a shock to the investors in the beginning of the financial year 2020-21, then people started searching for the option of safe investment. Which led to a heavy investment in gold. Anyway, whenever there is a cloud of economic crisis in the country, then investment in gold has increased as a safe investment.

During the Corona crisis last year, the price of 10 grams of gold on MCX reached an all-time high of Rs 56191 during August-2020. From where gold has broken up to about 25 per cent. But looking at the second wave of Corona, it is speculated that gold may again see strength.

The highest level for silver is Rs 79,980 per kg. Accordingly, silver is more than 15000 rupees cheaper than its highest level. In the last one year, silver has given more returns to investors than gold.