Diwali 2024: Today is Dhanteras. At the same time, Diwali is on Thursday. Both these days are considered very auspicious. Many people invest in gold, silver, shares and property during this auspicious time. In such a situation, if you are planning to invest today i.e. on the occasion of Dhanteras, then where would it be right to invest? Let us tell you that in the last one year, gold prices have increased from ₹ 60,282 per 10 grams to ₹ 78,577 per 10 grams, which is 30 percent more than Diwali 2023. Similarly, Nifty 50 has increased by more than 30 percent. Therefore, from Diwali 2023 onwards, both equities and gold have given great returns to investors. Property has also given excellent returns to investors. There has been an increase in property prices ranging from 40% to 60%. Now the question arises that in such a situation which asset class is expected to give good returns in future. Let us know.
Gold vs Equity: Which is better?
As to which asset class would be right to invest in Diwali 2024, experts say that both the assets are expected to give excellent returns next year too, but it will also be important to keep in mind the ongoing fluctuations in the market. Monetary policy easing and geopolitical crisis will support upside in gold prices, while US economic policy clarity will boost equity markets. Therefore, one should be cautious about these triggers while taking any positions in gold and equities. The broad trend of gold remains in an uptrend due to global uncertainty, inflationary pressures and central bank actions, which are supporting its rise.
Where will you get more returns on investment?
According to market experts, both the asset classes are expected to give excellent returns in the coming time. Gold prices are expected to rise due to geopolitical tensions, while the Indian equity market is expected to continue its rise due to interest rate cuts by central banks across the world, including the US. If you want to invest in property then it would be right to invest in a property worth less than Rs 1 crore. However, it would not be wise to expect huge immediate returns on property investment. Yes, property is sure to yield excellent returns in the long run.
Image Credit: India-Tv.