Produced by: Navneet Dubey Designed by: Mohsin Shaikh
During the Diwali festive season, gold remains a popular investment choice due to its ability to offer financial security, especially in light of economic fluctuations
Like any investment, however, it requires careful consideration and strategic planning. Check out these tips from Money Today on ways to buy and invest in gold this Diwali and Dhanteras
Buying physical gold is one of the most traditional ways to invest in the precious metal. This can take the form of gold bars or coins
Purchasing gold jewellery and artefacts can also be an investment, particularly if the items have a historical or cultural value that could be appreciated over time
Gold ETFs (Exchange Traded Funds) are funds that closely track the price of gold. This kind of investment is much like buying stocks, where one can purchase and sell shares
Gold Mutual funds are like gold ETFs, but they include a diverse portfolio of companies related to the gold production industry. This spreads out risk and can be purchased through most brokerage firms
Digital gold allows one to invest in gold electronically. With each purchase, an equivalent amount of physical gold is stored by the company on your behalf
These allow you to set aside a certain monthly amount to accumulate gold over a period
These are speculative investment instruments that give the buyer the right, but not the obligation, to buy or sell gold at a specified price on a specified date
Before making an investment decision with gold, thoroughly research all options and seek advice from a professional financial advisor to ensure it fits your financial goals and risk tolerance