Over the past 25 years, gold has generated an average annual return of 14.6%, far higher than any traditional saving scheme or bank deposit. (Image: Pexels)
If the same pace continues, gold prices could reach high levels by 2050 that Rs 1 crore would be enough to buy just a few grams of gold. (Image: Pexels)
In one year, gold (24-Karat) has increased over 67%. The weakness of the dollar, rising geopolitical tensions, trade tariff tensions, and uncertainty in global economy have further boosted gold demand. (Image: Pexels)
Also, the festive season and wedding demand in India have also kept gold prices high in the domestic market. (Image: Pexels)
Today, if someone were to buy Rs 1 crore worth of gold, they would get approximately 758g (0.76 kg) of gold. (Image: Pexels)
Notably, in October 2000, gold price stood at Rs 4400 per 10 grams, and after 25 years, it now stands above Rs 1.32 lakh per grams, signifying an annual growth rate of 14.6%. (Image: Pexels)
If the gold prices continue to rise at the same rate (14.6 CAGR) over the following 25 years, the gold price could reach approximately Rs 40 lakh per 10 grams. (Image: Pexels)
Hence, according to assumption and estimations, Rs 1 crore would be enough to buy only 25 grams of gold. (Image: Pexels)
Please Note: Gold prices depend on many domestic and global factors such as interest rates, the dollar’s position, central bank policies, and the state of global economy. (Image: Pexels)