A Very Happy Dhanteras to you all. Hope prosperity prevails among all of us.
I know most of you will buy Gold Today for prosperity for the entire year to get Maa Laxmi blessings.
Here is the best time to buy Gold, Diamond or Silver:
12.05 pm to 1.27 pm.
To perform Dhanteras Puja:
5.30 to 8.30 pm.
Now some important financial information on How To Invest In Gold this is applicable to all so please read:
1. If you are rich you can buy any jewellery for yourself or your family members today. For you money does not matter so nothing more to say. Or do not buy its your choice.
2. If you are not so rich and cannot afford more than Rs.30,000.00 I suggest for next three or four years buy Gold or Silver biscuits on which there is NO making charges. Preferably gold as it becomes an asset. Make sure they are Hall-Marked as it a guarantee of purity by government of India. Something like 916 and a triangle (Hall-Mark sign) will be made on it somewhere in a corner. Make sure it is there. The gold seller will tell you where it is else do not buy.
In reality this is an investment in a SIP mode where you average out the cost of the gold next 3-4 years. They are available from 1 gram to 50 grams. You can buy whatever you afford.
If gold prices fall next year buy more grams.
After a few years you will have enough gold to sell and buy a big jewellery for your wife or/and yourself and exchange gold for gold. You will then have to pay only the making charges. You will feel that gold you got for free.
It will not pinch your pocket.
3. Gold bonds are also available which you can buy online from your broker. You can ask him and he will tell you how to buy. If your broker does not allow you to buy Gold bonds please fill this form I can help.
Gold bonds are more safe and it comes with a guaranteed return of 2.5% a year on the purchase price. But if Gold prices decreases the bond price will also decrease. And similarly if Gold prices increases the bond price will also increase plus you also get that 2.5% interest. So you can do that too.
Please note that buying Gold is different than investing in a Gold bond. Please do not mix them. These are two different things.
Keep your gold safe. If you have too much gold I suggest open a locker in your bank. There is a charge involved please ask your bank manager for that. If you have less then no need for a locker.
Hope this article will help you to invest in Gold.
Thank You Mr. Janardhanan.
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