In the last 3 years, the shine of silver has been seen more than that of gold. Even though gold has hit life time high several times in the last three years, and silver is still around Rs 2,000 below its life time high during this period. Yes, we are not saying these things on our own but by looking at the figures. In the last 3 years where silver has given 90% return to the investors. Whereas Gold has given more than 35 percent return to the investors. If experts are to be believed, by the first week of June, the price of silver can go beyond 80 thousand. Let us try to explain to you by quoting statistics that after all how much Gold and Silver have earned investors from one week to 3 years and who has been at the forefront.
Gold again made life time record
Gold has again reached its new lifetime high in 24 hours. The price of gold on the Indian Future Market Multi Commodity Exchange is trading at Rs 61,518 at 11 am. While gold reached a high of Rs 61,629 during the trading session. By the way, the gold price opened at Rs 61,566 today. By the way, on Thursday, the price of gold had reached a lifetime high of Rs 61,845. If experts are to be believed, the price of gold can cross Rs 62,500 in a month.
Silver crossed 78 thousand rupees
On the other hand, there is a rise in the price of silver. On the futures market MCX, the price of silver has crossed Rs 78,000. According to the data, the silver price is trading at Rs 78,160 with a gain of Rs 122 at 11 am. While the price of silver had reached Rs 78,292 during the trading session. By the way, today silver opened at Rs 78,100. An increase of more than Rs 1,700 has been seen in the price of silver in two days. In the first week of June, the price of silver can cross the level of 80 thousand rupees.
Silver earned more than gold
Talking about the last three years, silver has given more returns to the investors than gold. Silver has given a return of about 90 percent during this period. On the other hand, gold has given a return of more than 35 per cent. Whereas in the last one year, gold and silver have given almost equal returns of more than 20 per cent. Talking about the current year, both gold and silver have given returns of more than 12 per cent. In the last one week, silver has given 3% return as compared to gold.
Records can be broken in June
According to Ajay Kedia, director of Kedia Advisory, silver can cross the level of 80 thousand in the month of June. He said that at present, correction can be seen in silver and the price of silver can come between 70 to 72 thousand. Something similar can be seen in gold as well and the price can be reduced up to Rs.3,000. But the sentiments are very strong for both the metals and in the month of June silver can cross the level of 80 thousand and gold 62500.