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00:00Gold vs. Stocks, which investment performed better in 2020, for, check here, Gold or Stocks,
00:12which is the better investment.
00:13Gold is often considered a reliable investment.
00:16This year, it has yielded substantial returns, outperforming even the well-performing stock
00:21market.
00:242020, for, Gold and Stock Market Returns Comparison
00:29From January 2020, for to date, Gold has returned 19%, while the Sensex has risen by 8.35%.
00:39Gold has thus delivered more than double the return of the stock market.
00:45Gold Price Surge in 2024
00:48The price of 20, for, at Gold increased from 63,970 rupees per 10 grams on January 1, 2024
01:00to 77,590 rupees on December 24, a surge of over 19%.
01:10Factors Driving Gold Price Increase Several factors contributed to the rise in
01:14gold prices this year, including inflation and the US Fed's interest rate cuts.
01:23Significant Increase in Gold Demand Gold prices also rose due to increased demand.
01:28The World Gold Council reports demand in India reached 700,750 tons in 2020, for.
01:37RBI Gold Purchases Central banks worldwide, including the RBI,
01:42purchased significant amounts of gold.
01:44The RBI bought 70,7 tons from January to October 2020, for.
01:53RBI Gold Purchase Timeline The RBI bought five times more gold in the
01:58first 10 months of 2020, for than in 2020, three, followed by Turkey, 70, 2 tons and
02:06Poland, 60, 9 tons.
02:10NOTE Consult a market expert before making any investment.