People invest in gold in Dhanteras, as it is believed to be auspicious and brings prosperity.
Gold purchased every year on Dhanteras since 2005 has yielded an average return of 7%.
Somebody who bought 10 grams of gold on Dhanteras every year would have spent Rs. 3.07 lakh and now that gold is worth Rs. 4.43 lakh.
The same amount in a diversified mutual fund would have earned nearly 13% and would be worth Rs. 6.11 lakh.
Though gold fell 6% in the international market in 2018, the domestic price has risen by 8% pushed by a weak rupee.
Should you buy gold this Dhanteras?
Gold bought from 2005 till 2008 has earned good returns, however from 2009 till date the returns have been meagre.
