Dhanteras 2023: Five smart ways to invest in gold on Dhantrayodashi
Diwali festival, is considered auspicious to buy gold and silver. It also marks the beginning of the biggest wedding season. Buying gold on auspicious occasions is a part of the Indian tradition.
So what form of gold should you opt for this Dhantrayodashi? You can either buy traditional gold jewelry or opt for digital gold or gold ETFs of gold funds depending upon your budget and requirements, and of course not to forget the investment horizon also. Digital gold is a mode of investing in physical gold. It is just like regular gold, can be bought online, and is stored in insured vaults by the seller on behalf of the customer.
“This Dhanteras, we encourage Gen Z and millennials to consider investing in digital gold as it offers the advantage of purchasing in small quantities, on EMIs, and even through UPI payment platforms," said Mehak Srivastava, Head of Marketing at SahiBandhu Moreover, by consistently investing in digital gold, one can gradually accumulate a collection of elegant jewellery, transforming it into an emotional asset that serves as both an investment and a practical financial instrument. You can also leverage it for gold loans during times of financial need, added Mehak Gold, a timeless hedge against inflation and economic uncertainty, offers a unique blend of stability and potential appreciation. Gold ETFs offer convenient and cost-effective exposure to gold's price movements.
Gold ETFs prove to be cheaper for investors as there are no exit loads. “Traded like stocks, they eliminate the hassles of physical storage and making charges," said Veer Mishra, Co-Founder of Plus SGBs provide guaranteed interest returns along with gold price appreciation. They offer tax benefits and are ideal for risk-averse
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