The festive season is considered the best time to buy gold in India. The tradition of buying yellow metal on festivals dates back to ancient times. The demand for gold is strong at the end of the year due to festivals like wedding season, Navratri, Durga Puja, Dhanteras and Diwali. Buying gold on these occasions is considered auspicious. People buy and invest gold irrespective of age and income. Apart from religious and cultural importance, gold is considered a good investment option. Because it retains its value even in times of financial ups and downs..
If you are planning to buy gold this festive season, then you should first think about which form of gold to invest in. You can invest in physical gold, digital gold, sovereign gold bonds (SGB) or gold ETFs. It totally depends on you where you want to invest.
Invest in gold wisely
According to experts, an investor should consider before taking any decision on investing in gold. They suggest investing in gold from a long term perspective and from a diversification point of view and inflation hedge.
Investment in gold can be done in the form of physical gold, sovereign gold bonds, gold ETFs, gold funds. Investors looking to save tax can also opt for gold funds. TDS is not applicable on this type of investment. Instead, these funds are taxed only on buying and selling jewelry.
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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.