Most auspicious days to buy gold are here again

Buying gold is both prestigious and auspicious for Indians, hence they choose to do so on auspicious days. Gold sales grow throughout most festivals and wedding seasons. The best time to buy gold, however, is during Makar Sankranti, Akshaya Tritiya, Dusshera, Dhanteras, and Diwali.

Dhanteras falls on the 13th day of the Hindu lunar calendar, marking the first day of the five-day Diwali festival. According to Hindu mythology, on Dhanteras, Goddess Lakshmi emerged from the ocean with a pot of gold in her hands during the churning of the sea, also known as Samudra Manthan. Every year on this auspicious day, Goddess Lakshmi is said to visit worshipers’ homes and bestow money, prosperity, and good health. So, in order to be blessed by her, people invest in gold during this time period in order to boost their fortune in the upcoming year. On this day, gold is stored in puja, and a lamp called as Yama Deep is lit in front of the main door to seek the blessings of Lord Yama and goddess Lakshmi.

Dhanteras is considered one of the best periods to buy gold and other precious metals. Purchasing gold during the Dhanteras-Diwali season is regarded to be akin to welcoming Maa Lakshmi, the Goddess of Wealth and Prosperity, into one’s home. Most people are unable to resist the appeal of gold. It is an asset that offers the majority of people with decent returns and allows them to have a secure financial future. Let’s discuss, why this festive season is the best time to buy gold:

  • Gold is the most affordable investment and gifting option nowadays. India’s No 1 Gold Platform, Augmont – Gold for All, has the world’s most affordable and smallest gold coin (0.05 gm) with its collection called Gold Atoms at unbelievable prices. These Gold atoms – bookmarks and keychains are engraved with Lord Ganesha, Goddess Saraswati and Goddess Laxmi design in it. Moreover, 24K Gold can now also be bought in form of Digital Gold through Augmont platform with as low as Re 1.
  • In India, most rituals and traditions entail the gifting of gold. It is considered lucky in addition to being a valuable source of income. In our country, gifting gold is considered the ultimate form of gifting, emphasising an individual’s worth and the purity of intent. Gold is a valuable asset whose value has steadily increased, making it a safe and secure investment. As an investor, gold has shown to be one of the most highly lucrative investment types. Other than gifting gold coins, bars and jewellery, gifting Augmont Digital Gold are becoming very popular in this era of digitization, which gives ease of buying 24 K gold 24*7 online in the comfort of your home.
  • Gold has provided unmatched returns than other asset classes like equities, real estate, mutual funds, fixed deposits, recurring deposits, and NPS. In India, gold has provided CAGR returns of more than 11% over the last 5, 10, and 20 years.
  • Furthermore, whether the 24k gold is purchased in real or digital form, the seller always offers a repurchase guarantee. If one sells something anywhere in the world, he or she will receive the full value of the item.
  • During Dhanteras, jewellers provide several festive offers and discounts on making charges, so it is best time to buy gold jewellery. At Augmont, there is a festive offer of ‘Sone pe Chandi free’ where if someone purchases Digital gold from the Augmont platform, an equivalent amount of Digital Silver is credited to their account.
  • As a security or asset, gold is extremely liquid and portable. It may be converted to cash at anytime, anywhere in the globe, and is regarded as a helpful acquaintance. Even the Digital Gold can be redeemed for cash or physical gold coin or jewellery anytime 24*7 on the Augmont platform in any denomination required.
  • Gold is a significant diversifier in a portfolio and is seen as a safe-haven asset in times of global risk-off moods due to its low correlation with other asset classes. It is seen as a wealth safe haven and a hedge against inflation and currency depreciation. Gold investments should account for at least 10% to 15% of a person’s net investment portfolio.

Investment in Physical Gold has been done in India for 5000 years by all types of earning age groups. It is the most preferred way of investment for Indians. But with digitization gaining popularity worldwide, new-age investors particularly urban millennials prefer to invest in gold via Gold Futures, Gold ETF, Sovereign Gold Bond and Digital gold. Each form of investment has its own pros and cons. The decision of opting for which option completely lies with the investor. As the investor has to understand the investment objective and risk factors involved in all options.

If you are buying physical gold in form of jewellery, coin or bar, you can feel its allure and tangibility. You can flaunt it and feel a sense of ownership.  But if you want to take advantage of gold’s price increase, you can invest in Sovereign gold bonds (SGBs) that provide interest over and above the gold price. While Gold ETF and Gold Futures allows you to buy 24K gold on an exchange platform. Additionally, digital gold gives you the advantage of buying 999 fineness gold for as low as Re 1, anytime 24*7*365 hassle-free at the convenience of your home.

As the interest rates have been rising around the world, gold prices have corrected this year. This Diwali 2022 has given best opportunity for long-term investors to buy gold on auspicious day and take benefit of lower prices as gold is expected to continue giving historical 11% CAGR returns in future too.

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.