Akshaya Tritiya 2024: Purchasing gold on this auspicious day has long been a custom that symbolizes prosperity and a stable future.
Akshaya Tritiya 2024, A new choice known as “digital gold” has surfaced with the growth of digital channels. Thus, this Akshaya Tritiya, should you invest in digital gold or choose the age-old allure of gold jewelry?
Purchasing digital gold as an investment can offer a reliable defense against inflation and market swings. It has all of the benefits of actual gold without the additional costs.
Expert in the business Dr. Ravi Singh notes, “This Akshaya Tritiya, investing in digital gold presents a compelling alternative to traditional gold jewellery.” It offers a practical and safe means of avoiding storage costs and the risk of theft. Fair negotiations are ensured by conducting transactions at market prices. Its attraction is increased by sovereign gold bonds, which have a fixed 2.5% annual interest rate.” The audience should feel more at ease with digital gold as an investment option after hearing this assurance of ease and security.
But according to Rajni Jewellers CEO Shivam Batra, “Digital gold might be a decent substitute for those without access to storage choices or those with short-term investment goals. However, the truth is that fine, handcrafted gold jewelry is the greatest option available for those looking for a piece of jewelry that they will cherish for years to come.”
Gold represents our cultural heritage and serves as more than just an investment in India. Prosperity and tradition have always been associated with it. Consider the positive aspects of the situation, even though gold prices this year may be rising quickly. The appreciation of gold as a physical asset with long-term value is also reflected in the price increase, as stated by Piyush Gupta, director of PP Jewellers by Pawan Gupta, and this is something that is crucial to comprehend.
In the end, your personal requirements and tastes will determine whether you choose gold jewellery or digital gold. The choice of Akshaya Tritiya is contingent upon your investing horizon, risk appetite, and physical asset preference. While jewellery delivers the tangible joy of possessing a physical piece, digital gold may be easier to purchase, store, and possibly cost less. Therefore, it is necessary to consider the advantages and disadvantages of each choice in order to decide which one best fits your financial plan.
Also Read | Reliance Jewels launches Vindhya collection for Akshaya Tritiya
