According to a recent study by Motilal Oswal Financial Services Limited (MOFSL), if you had invested in gold during Diwali in the year 2019, then today your return would have been more than 103 percent. As Dhanteras is approaching, the price of both gold and silver is expected to increase further.

Silver may give more returns than gold Silver
may outperform gold in the next 12 to 15 months due to strong industrial demand and safe haven buying. MOFSL has set an ambitious target for silver, expecting it to reach Rs 1.25 lakh per kg on the Multi Commodity Exchange (MCX) and $40 per ounce on COMEX by the end of 2025. Silver has already shown impressive growth, gaining more than 40 per cent year-on-year and recently crossing Rs 1 lakh domestically. 

Gold may be worth Rs 86,000

 Meanwhile, the target for gold has been set at Rs 81,000 per 10 grams in the medium term and Rs 86,000 per 10 grams in the long term, which is expected to reach $2,830 per ounce and $3,000 per ounce respectively on COMEX. 

Diwali and the historical performance of gold Gold

traditionally rises on Diwali due to increased demand. Historically, MOFSL has noted that the period leading up to Diwali has shown strong positive returns for gold, with losses occurring in only two instances (2015 and 2016) in the last decade. It is known that 2024 has been a good year for gold and silver.