Winning Bizness Desk

Mumbai. Gold has always been golden and this year too, it has been proved to be the most profitable asset. MCX Gold has given 5.5 per cent return in the year 2022 till January-August. At the same time, midcaps have given a return of 3.4% during this period. Whereas in January-August 2022, Nifty has given a return of 2.3%. On the other hand, CRISIL Bond Index has given a return of 1.1%.

Gave a return of 28%

In the year 2020 also, gold gave the highest return. Gold gave a return of 28% in the year 2020, as people considered investing in gold more safe. However, last year gold gave a negative return of 4%. While smallcaps and midcaps gained 59% and 46%, respectively. Analysts say gold will continue to be the preferred asset class of the people, given the current micro-economic development.

Price going up still..

Gold prices are getting support at the level of Rs 49,500 per 10 grams. At the same time, its price is going up to the level of Rs 52,700 in the upper range. Gold prices have remained bullish since the last 2 days. Gold prices have risen by Rs 62 to Rs 51,131 per 10 grams on Friday.