Gold rally towards Rs 55,000 by December 2020

All that glitters is Gold”- you must have come across this statement as it is on every TV channel and website these days. But is there any truth to it? To explain the same, we would like to present our detailed study on it.

We took the price of Indian gold from October 2005 as it was from this day that the commodity exchange started recording the prices of gold officially.

In short, we have considered the price of Sensex and Gold of 2005 as the base price for further calculations.

When there was euphoria in the equity market back in the year January 2008, at that time, the Sensex rose 2.20 times more than the price of gold.

However, due to the problem in subprime mortgages and the bankruptcy of Lehman Brothers, equity markets crashed the world over, and the fallout was seen in the Indian markets as well.

It was crisis time for equity and financial markets and during that period the yellow metal took the lead. Between the period of October 2008 and January 2009, gold prices rose sharply and the return on the investment (ROI) in gold was six times (6x) more than that in Sensex.

The dream run in gold continued till the end of March 2013 and it went to euphoric levels of Rs 33,000 from the levels of Rs 6,990 in October 2005. It delivered 1.8 times higher returns as compared to the level of Sensex.

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