Gold vs Silver: Which has given more return on Rs 2.50 lakh investment in 15 years; get calculations
Gold Investment vs Silver Invesmtent: Silver was trading at Rs 22,165/kg in 2009. Its current rate (August 27, 2024) is Rs 88,500. Gold was at Rs 14,500.00/10g at the end of 2009. Its current rate (gold rate today) is Rs 73,760.00/10g.
Gold Price vs Silver Price: Gold and silver are precious metals. They never lose their lustre. Even when the share market slides, investors keep investing in silver and gold. The prices of both metals are going through a surge. Specially after the COVID-19 pandemic, prices of gold and silver have risen many folds. In this write-up, we take you through historical gold and silver prices in last 15 years (As per BankBazaar.com data), and will also let you know which metal has given higher returns on a Rs 2.50 lakh investment made in August 2009.
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Silver prices/kg from 2009-2014
Silver was trading at Rs 22,165/kg in 2009. The price rose to Rs 27,255 in 2010, but 2011 was a turnaround year, when the price catapulted to Rs 56,900. It slipped to Rs 54,030 in 2013, and slid further to Rs 43,070 in 2014.
Silver prices/kg from 2015-2019
The silver price went through a poor phase and slipped to Rs 36,990. It gathered significant momentum in 2018, when it rose to Rs 41,400. The price remained nearly static for over a year and closed the year 2019 at Rs 40,600.
Silver prices/kg from 2020-now
The year 2020 was another turnaround year when the silver price sprung to 63,435 during the COVID-19 pandemic. It took it 2 years to go down to Rs 55,100. But it staged a remarkable recovery in 2023, as it ended the year at 78,600. The silver price is keeping its pace fast, currently trading at Rs 88,500.
Gold prices (24 karat/10g) from 2009-2014
The gold price nearly doubled from 2009 to 2014. It was at Rs 14,500.00 at the end of 2009, but rose to Rs 18,500.00 in 2010. The price raced to Rs 26,400.00 and 31,050.00 in 2011 and 2012, respectively. The price slipped to Rs 29,600.00 in 2013 and closed the year 2014 at Rs 28,006.50.
Gold prices (24 karat/10g) from 2015-2019
The gold price's slide continued in 2015 as it closed the year at Rs 26,343.50. But it recovered in 2016, never to close the year at a lower level than a year earlier. In 2016, the gold price was at Rs 28,623.50; in 2017, it rose to Rs 29,667.50. In 2018 and 2019, it was at Rs 31,438.00 and Rs 35,220.00, respectively.
Gold prices (24 karat/10g) from 2019-now
In 2020, the COVID-19 pandemic started, the stock market nosedived, and the gold price surged fast. By the end of the year, gold was at Rs 48,720.00. It increased to Rs 52,670.00 in 2022 and Rs 65,330.00 in 2023. The gold price on Tuesday, (August 27, 2024) was Rs 73,760.00.
Gold vs Silver: Which has given more return on Rs 2.50 lakh investment in 15 years?
At 22,165/kg in 2009, one would buy 11.28 kg silver for Rs 2.50 lakh.
At Rs 14,500/10g, one would buy 172.40g gold in 2009 with the same amount.
Gold vs Silver: Which has given more return on Rs 2.50 lakh investment in 15 years?
At Rs 88,500/kg, the price of 11.28 kg silver is Rs 9,98,280.
At 73,760.00/10g, the current price of 172.40g gold is Rs 12,71,622.4.
Thus we see that gold has given an estimated Rs 2,73,342.40 more.