Home / Markets / Commodities / Time to buy gold this Dhanteras? Analysts see price hitting Rs 67,000/10gm

Time to buy gold this Dhanteras? Analysts see price hitting Rs 67,000/10gm

With accommodative global central bank policies and stimulus, analysts expect gold prices to do well going ahead

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People purchasing Gold Jewellery at UTZ Jewellery Shop. Photo: Kamlesh Pednekar

4 min read Last Updated : Nov 12 2020 | 12:23 PM IST

The insatiable appetite for gold of Indian consumers peppered with economic uncertainty over the years has seen the yellow metal beat return from the equity markets over the last decade. From around Rs 20,000 per 10 gram around Dhanteras – a day considered auspicious for buying gold and gold jewellery – in October 2010, gold prices have surged a staggering 159 per cent since then to Rs 53,610 per 10 gram on Thursday on the occasion of Dhanteras, data show.

“Over the last decade gold in India has given a return of 159%. When compared to the equities Dow Jones

Topics : Gold Price Markets commodities Dhanteras Gold Gold on Dhanteras

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