Achi news desk-
8 hours ago
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This time there is no auspicious time for marriages on Akshaya Tritiya, but buying gold will be special. According to astrologers, you can buy gold between 9 am and 9.30 pm. There will be 3 auspicious times for this.
Seeing the rise in gold prices, business experts say that if you buy gold on this Akshaya Tritiya, you can get a return of up to 20% next year.
Gold became more expensive by Rs 10 thousand in the last year
According to India Bullion and Jewelers Association (IBJA), gold was valued at Rs 60,191 per 10 grams on the last Akshaya Tritiya. Which has now reached Rs 71,600. That means gold has become more expensive by Rs 11,409 (20%) in the last year.
If this rise in gold continues, it will cross Rs 85 thousand by the next Akshaya Tritiya. According to experts, this trend is likely to continue. Because of this, returns can be up to 20% in a year.
Gold likely to be Rs 1.68 lakh per 10 grams by 2030
Vighnaharta Gold Chairman Mahendra Lunia says the price of gold may reach Rs 1.68 lakh per 10 grams by 2030. The reasons for the rise in gold prices range from geopolitical tensions to global economic recession.
Investing in gold is beneficial in the long run. In 2020, gold was Rs 48,800 per 10 grams, which has now become more than Rs 71 thousand. If we talk about the last 5 years, gold has given a total return of 50%. If this is added annually, the annual return is 10%.
You can benefit by investing in gold in three ways
If you are planning to invest in gold this time on Akshaya Tritiya, then apart from physical gold like jewelery or gold biscuit coins, you can invest money in other ways. Your money will be completely safe in this regard. If you need money, you will be able to sell it easily and you can also take a loan on it.
First up: Gold Exchange Traded Funds (Gold ETFs)
In this regard, there is a facility to buy shares like gold. These are exchange traded funds. Which can be bought and sold on the stock exchange. The price of this fund may be slightly more or less than physical gold.
Second: Sovereign Gold Bond is also a good option
The government bond is the Sovereign Gold Bond. Which is published by the government from time to time. Its price is according to the weight of gold. If the bond is 1 gram of gold, then the price of 1 gram of gold will be the same as the price of the bond. The Sovereign Gold Bond offers a fixed interest of 2.50% per annum on the issue price. A demat account is required for investing in this.
Third: Physical Gold
Investing in physical gold means buying gold biscuits or coins. Experts believe that buying jewelery is not the right way to invest in gold, as GST is charged and charged. Because of this more money has to be paid. One cannot invest in 24 carat gold while making jewelry, because jewelry is not made of 24 carat purity gold.
