{"id":12559,"date":"2020-11-05T06:16:31","date_gmt":"2020-11-05T06:16:31","guid":{"rendered":"\/blog\/?p=12559"},"modified":"2024-12-17T12:12:43","modified_gmt":"2024-12-17T12:12:43","slug":"should-you-invest-in-gold-this-diwali","status":"publish","type":"post","link":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/gold-investments\/should-you-invest-in-gold-this-diwali\/","title":{"rendered":"Should you invest in gold this Diwali?"},"content":{"rendered":"\n

Gold is the most valuable commodity that has lasted for\ncenturies. Indian households love gold, not just as an ornament or their\neveryday jewellery but also as a good investment option. Indian housewives hold\nclose to 11% of the world\u2019s gold which is close to 25,000 tonnes. That\u2019s not\nall, the Indian market consumes gold in two ways, as jewellery and as an\ninvestment. In Q3 of 2019, the Indian market consumed 22.3 tonnes as gold investments and\n101.6 tonnes as jewellery. With festivals like Navratri and Diwali bringing\nmore gold into the market – there is always a dilemma as to how much to invest in gold and some\nin cases which type of gold to invest in? <\/p>\n\n\n\n

Let\u2019s first have a small recap and take stock of the current\nmarket situation.<\/p>\n\n\n\n

Current market scenario<\/strong><\/h2>\n\n\n\n

When the first wave of the pandemic hit us in the month of\nFebruary-March the equity markets crashed leaving many to liquefy their savings\nand get out of the game. While the market rose back steeply and is back to\nwhere it was at the start of the first quarter, people who were stuck with the\ndilemma have lost a good chunk of their savings since they expected the market\nto go awry.<\/p>\n\n\n\n

While the demand for gold did stoop for the first few months, gold prices kept going\nup. <\/p>\n\n\n\n

Many still have a vague idea of what to do with their present\nuncertainty lingered with regards to jobs. Many took hefty pay cuts. People\nheld onto the liquid money they had while some even broke their deposits early\nto survive the current economic conditions. This is where gold investments\nboomed and saved many from their struggles. <\/p>\n\n\n\n

Additional Read:<\/strong> Understanding the relationship between economic downturns and gold<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

\"Invest<\/figure>\n\n\n\n

There may have been a lower consumption at the start of the year\nbut as the market revived and local lockdown rules eased up, the demand for\ngold rose faster than anticipated, since weddings are the biggest gold\nconsumers right now in the country. <\/p>\n\n\n\n

What the experts say<\/strong><\/h2>\n\n\n\n

Economic revival hinges on flattening of the pandemic curve in\nthe country.  While as it may be, gold prices have been\nskyrocketing many times since the beginning of this year – standing right now\nat \u20b947,210 for 10g 22 carat and \u20b951,400 for 10g of 24 carat (price in\nBangalore). With increased demand there is always a push of inflation, bringing\nthe value up and up.  <\/p>\n\n\n\n

Yes, the festive season is an auspicious occasion to buy gold in\nthis country. Better yet, with everything going digital this 2020, it might be\na good idea to invest in\ngold digitally too.  Don\u2019t take\nour word for it, your financial advisor would suggest the same too.  In general, gold usually makes up to 10% –\n20% of one\u2019s  investment portfolio. It\u2019s\na  rule that most financial advisors\nwould like to follow. While that being said, when it comes to  gold investments it is always a good option to buy them  as pure coins or bars, while jewellery <\/p>\n\n\n\n

Still remains everyone\u2019s favourite option. Yes, physical gold\ngives you an advantage but Gold Mutual funds are even better. Unlike any other\nfunds, Gold Funds are open-ended investments that diverts your funds into gold\nreserves, giving you solid returns and securing yourself from economic\nfluctuations. <\/p>\n\n\n\n

What are your other golden options? <\/strong><\/h2>\n\n\n\n

You can invest\nin gold securities which are like any other securities investment\nwhich  are bought at the stock market.\nSpeaking of stocks, you can buy the stocks of the companies that mine gold. But\nif you are looking to diversify your investment portfolio, Gold Funds are the\nway to go.  Gold Prices keep fluctuating but they are bound to\ngo up constantly. So, this festive season you can choose how you celebrate, with\nsolid gold or digital gold. <\/p>\n\n\n\n

<\/p>\n\n\n\n

Conclusion<\/strong><\/h2>\n\n\n\n

A piece of gold jewellery makes a perfect festive gift for your loved ones. But if you are on a solid financial footing, then hedge yourself with Gold Mutual Funds and give your loved ones more in the future. Not only does it become your cushion against the economic downflow but also diversifies your portfolio and generates wealth while at it. It is both easy to liquify and invest too, since you can buy Gold Funds for as low as INR 500. Digital Gold Investments are low risk but they yield better along the road. <\/p>\n\n\n\n

<\/p>\n\n\n\n

Download Moneyfy App<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Gold is the most valuable commodity that has lasted for centuries. Indian households love gold, not just as an ornament or their everyday jewellery but also as a good investment option. <\/p>\n

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