Share Market News / Power of gold seen in the market, gold pushed Sensex to a record high

Share Market News: You will understand that the one who was on the sky has come down to the ground, and the one who was licking the ground has reached new heights today. Gold has left behind those figures of the stock market, on which the stock market was proud about 5 months ago. The price of gold in the country's futures market has crossed the level of Rs 86,500. The special thing is that on 27 September 2024, while the price of gold was Rs 75,700, the stock market had crossed the level of 85 thousand points. At present, the Sensex has come to the level of 75 thousand points, while the price of gold has also crossed the level of Rs 86,500. This means that the price of gold has seen an increase of more than 14 percent, while the Sensex has seen a decline of about 12 percent during the same period.

Gold made a new record

Gold prices saw a good rise on the Multi Commodity Exchange and reached a new life time high. According to the data, the price of gold reached Rs 86,592 per ten grams during the trading session. At present, the price of gold is trading at Rs 86,462 per ten grams with a gain of Rs 349. While today gold opened at Rs 86,058. In the month of February, the price of gold has seen an increase of Rs 4,359 per ten grams, which has given a return of 5.30 percent to the investors. In the current year, gold has earned investors Rs 9,136 i.e. 12 percent.

Left Sensex far behind

In the last 24 hours, gold surpassed the record high of the stock market, which it made on 27 September 2024. According to BSE data, the Bombay Stock Exchange's major index Sensex had reached a lifetime high of 85,978.25, which currently fell to 75,939.18 points on Wednesday. This makes it clear that the Sensex has come down by about 12 percent from its peak.

Gold gave 14 percent return

On September 27, when the Sensex reached its peak, the price of gold closed at Rs 75,718 per ten grams. This means that the price of gold has increased by Rs 10,874 since then, which has given investors a return of 14 percent in about 5 months. Experts believe that gold may see further rise.

Gold can cross one lakh

Experts believe that due to uncertainty in the global market and Trump's tariff war, investors have started investing in gold. Also, gold purchases are increasing from central banks around the world, increasing demand and increasing prices. Therefore, experts estimate that gold prices can cross the level of one lakh before the stock market.

Gold reached record level in Delhi too

According to the All India Sarafa Association, gold jumped by Rs 900 to a lifetime high of Rs 89,400 per 10 grams in Delhi on Wednesday. In the previous trading session, it closed at Rs 88,500 per 10 grams. So far this year, the price of gold has increased by Rs 10,010 or 12.6 percent.

Thus, the changes in gold and stock market data have written a new story in the world of investment, making it clear how the market bet changes.