Akshaya Tritiya, is one of the four most auspicious days of the year. The day is particularly considered auspicious for buying long term assets like gold. The legend states that any asset bought on this auspicious day shall continue to grow and bring prosperity.
Why invest in Gold?
Gold has the ability to stabilize a portfolio and protect it against market fluctuations. Historically, gold prices have shown better stability even during periods of crisis as compared to other investments types.
Why Invest in Gold through Gold ETFs
- No premiums or making charges.
- You end up paying a premium for gold coins & bars purchased from banks and jewelers. With Gold ETF, you don't have to pay any premium, making or delivery charges, yet whenever needed, You can also exchange them in multiples of 1kg units for 0.995 purity.
- No worries of theft.
- Buying Gold ETF is purchasing gold in electronic form. You buy them just like you buy stock of any company from your broker. With Gold ETF, since your gold is now in demat form there are no worries of theft and you also save on locker charges.
- Easy to sell.
- Unlike gold coins and bars, Gold ETFs can be sold anytime through Indiabulls. And unlike other forms of gold, you get the same price for your Gold ETF across India.
- On Gold ETF, you pay no securities transaction tax or wealth tax.