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Saturday, October 22, 2011

INVEST IN GOLD THIS DHANTERAS - In a simple way !!


It’s time again for the Festival of lights – DIWALI – and we as Indians love to celebrate it. Whether its shopping for new clothes, jewellery, sweets or decoration of homes the festival brings with it excitement and loads of enthusiasm. The first day of DIWALI is celebrated as DHANTERAS  - also known as Dhanwantri Triodasi. Dhanteras brings with it the festive mood of DIWALI. Though considered a festival of wealth, it signifies new beginnings & promises for a better future ahead.
The word DHANTERAS is a combination of DHAN means wealth & TERAS means thirteenth night of the month in which it is celebrated. It is believed that the best day for making purchases of GOLD or any other precious metals should be done on DHANTERAS – as by doing so the goddess of money LAKSHMI will bless the family throughout the year with prosperity .
On Dhanteras, buying precious metals like gold & silver are considered as a good luck and hence major people pick Dhanteras as the day to buy gold, this day there is a splurge on gold jewellery & coins, you can see all the jewellery showrooms filled with buyers - some buy small gold coins or silver coins & some will buy according to their pockets. Apart from its festive significance, an investment in gold is also considered to bring with it a great potential to store value.
But physical gold purchases, brings with them purity concerns & safety issues. Also you stand to lose 10 % - 15 % of value each time you send your physical gold for remarking, irrespective whether the gold is certified or not. And there are deductions in the form of making charges. Besides, the exorbitant rates make it difficult to invest a lump sum amount. You have to budget for other expenses too durning the festive season.
That’s why this DHANTERAS, there are new alternatives to invest in GOLD ETF’s

ETF’s – Exchange Traded Funds which are listed on NSE. ETF just like mutual funds collects money and invests into the market. GOLD ETF’s collects funds and invests in GOLD. They buy gold physically – so the units are backed by 0.995 finesse gold. When you invest in GOLD ETF you are allotted a unit same as in mutual fund, here 1 unit of GOLD ETF can be 1 gm or 1/2 gm of gold depending on the funds – So Gold ETF are affordable. GOLD ETF’s trades like normal equity share on exchanges whose prices are in tandem with domestic gold price. If you dint have Demat account you still can invest in GOLD FUNDS like SBI GOLD FUND, Quantum Gold Saving Fund. You can also invest in these ETF in a Systematic Investment way (SIP) with as low as Rs. 500. JUST call your broker to buy GOLD ETF’s (List of listed ETF are mentioned below) or just visit your nearest bank and ask for GOLD FUND (if you don’t have trading account)

LISTED GOLD ETF


Dhanteras sets the festive mood for DIWALI and signifies new beginnings for a better future ahead. This SAMVAT 2068 , start the festival of lites with difference – invest in gold – invest in GOLD ETF.
WISHING ALL MY READER FRIENDS A VERY HAPPY DIWALI & A PROSPEROUS NEW YEAR ......... 
TILL THAN HAPPY INVESTING
BHAVIKK SHAH  

READ MY POST ON ALWAYS BUY GOLD 

1 comments :

  1. Hello Bhavik,

    Thanks a ton for such useful information in such a simple language. Was wondering if you can throw in a comparison of Gold ETFs v/s e-gold and which one would you prefer alongwith reasons

    ReplyDelete

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