Most Indians buy gold during Diwali on the day of Dhanteras despite the price of gold rising going up during this time. Gold has a sentimental value for Indians, and this yellow metal is a preferred form of investment for many. All major Jewellery brands provide exciting offers like zero processing charge, and various kinds of payment discounts on certain credit cards and payment modes. Riding on the auspicious ushering of Goddess Lakshmi, the deity of wealth and prosperity, it is perhaps the best time to make the most of buying gold at better deals than the rest of the year. You can take out an online loan from a personal loan app given the convenience of process and approval and buy gold. Repayments are typically flexible and easy on the pocket. Whether you’re shopping for your mother, father, or spouse, knowing how to buy gold during a festive occasion is key. This article will discuss why owning gold is important as an investment and how to do so. There are several ways you can buy gold and invest in precious metal during the festive season. This guide will help you figure out which one is right for you.
What is Gold Investing?
Investing in gold is a popular way to buy the precious metal. Gold is a great asset to have as it doesn’t lose value over time, unlike other investments such as stocks, bonds, and real estate. Investing in gold means buying the stocks of gold producers. There are several ways to do this. One of them is to open a gold exchange-traded fund or ETF. An ETF is a product that lets investors buy a basket of assets. Gold ETFs are available in many countries and offer a wide range of investment options. In addition, you can buy gold coins, bars, and wafers to store gold. You can even buy gold jewellery to wear as an everyday item. Buying gold jewellery is a great way to accumulate a higher amount of gold. But if you’re just curious about the investment aspect of gold. You can also buy a gold coin or bullion. In 2012, the Reserve Bank of India (RBI) has categorically banned lending institutions from extending loans to borrowers to buy gold in any form. This step was taken in view of the increase in gold imports. But it does not mean you cannot take a loan to buy gold in India. You can apply for a personal loan to invest in gold this Diwali keeping all the market fluctuations, credit score and history, and terms and conditions in mind.
Buying Gold Jewellery
Getting a beautiful piece of jewellery made from gold is a great way to celebrate Diwali and increase the amount of gold in your portfolio. There are many reasons why investing in gold jewellery is a wise move. Gold jewellery is an investment in itself because it will increase in value as the price of gold increases. If your jewellery is made from gold with precious stones, it is also a great way to collect gems for a very low price. Investing in gold jewellery also allows you to diversify your portfolio. It has the added benefit of being an everyday item that can be worn with any outfit. This means you can easily incorporate it into your personal style.
Buying Gold Coins
Gold coins are another way investors can get into the precious metal. They’re easy to buy, they’re popular investments, and they make excellent gifts. A small personal loan from your most reliable personal loan app can help you fulfil this goal. They also have a great history behind them and are a great way to learn more about investing in gold. Gold coins are available in two forms: bullion coins and collectible coins. Bullion coins are pure gold or silver coins that are intended for investors looking to buy the precious metal. They come in many forms, including 1-ounce, 10-ounce, and 1-kilogram coins. Collectible coins are made from a variety of metals, including gold, silver, and platinum, and they can be used as investments or collectible items.
How to Buy Gold Coins
Gold coins are a great way to invest in gold. If you buy gold coins, you’re buying a coin stamped with the exact amount of gold it contains. Gold coins include 1-ounce, 5-ounce, 10-ounce, and 1-kilogram coins. There is also a wide range of bullion coins available, including some with designs that celebrate festivals like Diwali and Dhanteras. You can also buy gold coins with a purity of 99.9%, which is slightly less pure than the purity of gold coins.
How to Buy Gold Bars and Rounds
Another way to buy gold is through gold bars or gold rounds. Gold bars come in a variety of sizes, including 1/2-kilogram, 1/1-kilogram, and 1-kilogram bars. They’re often used as a form of investment or are stored as a form of financial protection. Gold rounds are similar to gold coins, but they’re made from a less pure form of gold. They’re often used as an investment and stored. You can also use gold rounds to buy other products, such as insurance policies.
Buying gold is a long-term investment that can protect you against inflation and offer great returns. This guide will help you decide when to buy gold and which investment option is right for you. No matter which method you choose, it’s important to remember that buying gold during the festive season is a great way to ring in Diwali and worship Goddes Lakshmi, the custodian and guardian deity of Prosperity and Wealth. After all, who doesn’t like to flaunt gold jewellery during this Diwali celebration?
Kiran loves writing about fintech, banking, insurance, healthcare, wellness, travel, lifestyle, and parenting. By day, she is juggling strategy calls and meetings with clients that compelling content is the only way forward and in her spare time, she is raising awareness about the evils of plastic or backpacking with her husband and 2 sons.
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