Should one invest in digital or gold jewelery on Akshaya Tritiya? Learn expert’s opinion

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Should one invest in digital or gold jewelery on Akshaya Tritiya?  Learn expert’s opinion

Akshaya Tritiya 2023: In Hinduism, Akshaya Tritiya (Akshaya Tritiya 2023) is considered very auspicious. Buying gold and silver on this day is considered very auspicious. In such a situation, like Dhanteras, people do gold shopping fiercely on this day too. This year this festival will be celebrated tomorrow i.e. 22 April (Akshaya Tritiya 2023 Date). With the changing times, along with gold jewellery, nowadays people are also preferring to invest in Digital Gold.

What is digital gold?

If you want to buy gold but are worried about its storage, then investing in digital gold is a very good option. In this, the hassle of keeping the gold safe ends. Along with this, by investing in digital gold, you get the same returns as physical gold. You can sell this gold sitting in any part of the country. For this reason, along with physical gold, the demand for digital gold is also increasing. New investors are very fond of investing in this gold.

What is the opinion of experts

According to Pritam Patnaik, Head-Commodities, HNI & NRI Acquisition, Axis Security, many people are avoiding investing in gold this Akshaya Tritiya due to the tremendous rise in gold prices. This year, 24 carat gold is being sold at more than Rs 60,000 per 10 grams. In such a situation, there are many investors who will avoid investing in gold due to rising prices, but they may prefer to invest in symbolic gold. For this reason, this time an increase can be registered in the number of people investing in digital gold. Due to this, there may be a decline in the number of people who buy gold in the traditional way. At the same time, compared to last year, gold has become costlier by 14.3 percent. With this, to reduce inflation, the Fed Reserve of America has continuously increased its interest rates. Due to this the pressure on gold prices has also increased.

Sona is estimated to reach 65,000

According to Pritam Patnaik, due to the rising interest rates of the Fed Reserve in America and the increased repo rate in India, a tremendous increase in the price of gold can be registered. By the end of this year, gold will cross the mark of 65,000. In such a situation, experts are advising people to invest in gold before the wedding season. Apart from this, if you do not want to invest in physical gold, then you can invest in different digital gold.

How to invest in digital gold-

If you do not want to invest in gold jewellery, then you can invest in the Sovereign Gold Bond Scheme of the Reserve Bank. RBI keeps coming up with SBG scheme from time to time. Apart from this, you can invest in Gold ETF and keep it deposited in a demat account.

Apart from this, Gold Mutual Fund is also a good option for investing in Gold digitally. By investing in it, you can get good returns in future. Apart from this, you can buy digital gold of 999.9 purity from companies like MMTC PAMP, Augmont and SafeGold Gold.

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