Akshaya Tritiya 2024: 5 things to buy on this auspicious day
gold is the most popular way of owning gold, either in jewellery or gold coins. “Gold buying on this day is considered very auspicious by Hindus, especially though it brings wealth and happiness," said Ashish Aggarwal, Director, Acube Ventures Ashish Aggarwal points out that storing your investment in secure vaults reduces physical storage and transportation issues and protects it from theft and other risks. Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold.
With these bonds, you can enjoy capital appreciation and earn interest yearly. These bonds, issued by the Government of India, also eliminate several risks associated with physical gold. Gold Exchange Traded Funds (ETFs) invest in gold of 99.50% purity.
Gold ETFs are linked to the price of gold. Each unit of a gold ETF is pegged to a specific value of gold. Additionally, Ashish highlights that gold ETFs and gold sovereign bonds provide access to the asset class without needing physical holding.
This ensures scalability and liquidity, making them highly liquid and easily tradable investments. These digital alternatives cater to the growing demands of today's investors to be innovative, offering a perfect blend of traditional and modern investment options. Akshaya Tritiya has been dedicated to the time when fresh starts are made, and a new, better phase of life begins, and for this very reason, the occasion is considered auspicious to invest in real estate.
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