Even investment veterans cannot remember when did the price of gold and silver consistently gallop in the past as they are doing now. The rise of prices of both gold and silver has fascinated investors for more than a year now and experts are more or less certain that the price of both precious metals will continue their march north in the foreseeable future.
Therefore, the obvious question, where will one invest in Samvat 2081 – gold or silver? For the record, MCX gold rate has gone tantalisingly close to the Rs 80,000 mark for 10 grams. On the other hand, silver prices have gone past the Rs 1 lakh/kg before crawling back a bit. Therefore, Diwali investment ideas: gold versus silver, is an important poser.
What is the better investment, gold or silver?
“What is a better investment, gold or silver,” – on the last day of Samvat 2080, this seems to be question on many lips. This is also an extremely pertinent question. In any domain, analysing past returns is one of the ways to assess the way forward. Data show that gold has provided a whopping 33.5% return since Dhanteras 2023. On the other hand, silver has delivered an even more dazzling return – 40.5%. Significantly, investment experts believe that silver is in a position to steal a march over gold.
Is it worth investing in silver?
A few experts have told the media that silver seems to be better placed than gold to deliver higher returns. One of the advantages that silver has over gold is that this precious metal has extensive use in a few industries of the future such as electric vehicles and photovoltaics. Also the very fact that silver has delivered better returns than gold in the past one year` has created its own demand as an instrument of investment and driving up prices.
Can silver prices hit $100 an ounce?
“A bar of silver is among the safest investment choices you can make in today’s economy,” says American Bullion Inc. One expert has told the media that silver prices seem to be both “fundamentally and technically well-placed to outperform gold going ahead”. Silver prices can rise beyond $70 an ounce from the current level of around $34 an ounce, indicate some experts. Some foreign analysts have predicted the price could breach the $100 mark. Therefore the verdict is becoming clearer on “Diwali investment ideas: gold versus silver”.
