6 Reasons Why Gold Is Not A Good Investment This Akshaya Tritiya

Whenever gold prices soar, it has been a bad bet as an investment. Let's cite some classic examples. In Aug 2013, gold prices in India soared to Rs 34,000, when the Syrian crisis hit a new peak. Since then it has dipped to the current price of Rs 30,100.

Logically speaking, if somebody purchased gold in 2013 at Rs 34,000 he should have got close to Rs 45,000 per 10 grammes, assuming a 10 per cent annual returns, if he had placed the money in bank deposits. So clearly, instead of making 30 per cent in 3 years, he has lost almost 12 per cent in three years.

Check gold rates in Indian cities here

With gold prices soaring yet again, here are 6 reasons not to buy gold this Akshaya Trithiya.

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