Gold expected to give 15-18% returns in Samvat 2081, say analysts

Quick Summary:

Gold and silver have delivered a robust performance in Samvat 2080, and the outlook remains positive for Samvat 2081, though investors may see moderate gains amid possible shifts in global market factors, they added.

Gold is expected to deliver a stellar 15-18 per cent return in Samvat 2081, driven by positive economic factors and safe-haven demand, analysts said.

Samvat 2081 marks an important period for Indian investors as it signals the start of a new financial year in the Hindu calendar, coinciding with the auspicious festival of Diwali.

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Category: BusinessFinance

Markets: India

Topics: Vice President of Commodity and Currency Research Yellow metal Vice President of Research for Commodities and Currency Diversified Investment Services NIFTY 50 INDEX Metal Electronics Precious metal Pranav Mer The Hindu LKP Securities Precious and industrial metal Jateen Trivedi Precious metal price Renewable energy commitments Festival of Lights JM FINANCIAL SERVICES Sustained central bank purchases Industrial metal

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Article Type: News Report

Published On: 2024-11-03 @ 19:11:15 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 670 words

Reading Time: 4 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 23379699

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