Gold Purchasing on Dhanteras 2024: People buy gold on Diwali because gold is considered a symbol of prosperity. You can use gold as jewelry anytime, as well as gold is a metal whose price keeps increasing over time. This is the reason why the tradition of investing in gold has been going on for years. People have considered it a companion in bad times. If you are also preparing to buy gold on the occasion of Diwali, then understand why gold should be included in the portfolio. What are the benefits of buying it?

Benefits of investing in gold on Dhanteras

There are many benefits of investing in gold. The way the price of gold is increasing rapidly, the gold bought today can give you better returns in the future. If you buy a little gold every year as a custom on the occasion of the Diwali festival, then you arrange funds for your future.

In difficult times, when you suddenly need money and are unable to arrange money from anywhere, gold becomes your companion. You can take a loan by mortgaging it. Apart from this, to deal with an emergency, you can sell gold and take cash in exchange. Gold is such a wealth that you can easily carry with you anywhere.

You can invest in gold in many ways.

If you are also planning to buy gold on this Diwali, then you don't need to buy any gold jewelry. You can also choose the option of digital gold or gold ETF instead of physical gold. What is digital gold and gold ETF, know about it-

Digital Gold

Instead of physical gold, you can buy digital gold. Digital gold is not physically with you but is kept in your digital wallet. Its value also increases with time. If needed, you can also sell this gold online. Investment can be made in it for as little as 1 rupee. Meaning you can invest in it according to the capacity of your pocket.

Gold ETF

Gold ETF can be bought like shares and kept in a demat account. This is a mutual fund scheme, which is a cheap option for investing in gold. This gold can be bought and sold in the stock market. Gold ETF is bought in units. One gold ETF unit means 1 gram of gold. If you do not have a lot of money, you can buy one or two units of gold.