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ALTERNATE FORMS OF GOLD TO INVEST IN THIS DIWALI
People invest in gold during Dhanteras as it is believed to be auspicious and brings prosperity for the buyer. Physical gold investments like gold coins and jewelry are purchased in the Indian market excessively. But this Diwali, you can also look at alternate investment options to better utilize that Diwali bonus which you usually tend to spend on physical gold.
Gold Exchange Traded Funds and Gold Sovereign Bonds are smart investments choices for Diwali. Buying and selling of Gold ETFs happens on stock exchanges, with gold as the underlying asset. Sovereign Gold Bonds are issued by the government and these GSB’s have a maturity period of 8 years.
In addition, you can utilize occasion of Muhurat trading to invest in stocks this Diwali. This year Muhurat trading will take place on 7th November between 5:00 pm to 6:30 pm. You can check out the top stock picks of 2018 to what stock to invest in this Diwali.
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