1 day Ago By NDTV Profit Trending Desk
The auspicious occasion of Akshaya Tritiya, also known as Akha Teej or Akti, is being celebrated with religious fervour by Hindus around the world on Wednesday, April 30. This is the time when people flock to jewellery stores to buy gold. It is believed that buying precious metal on Akshaya Tritiya brings good luck and fortune to their family.
Gold prices have advanced significantly in recent months, touching new highs, and Akshaya Tritiya could be a suitable occasion to invest in the yellow metal. Data shows that its value has appreciated by nearly 31% compared with its price during last year's Akshaya Tritiya, which was marked on May 10, 2023.From a gold coin or bar to several ornaments like a chain, ring, or earrings, people nowadays have a wide range of options to invest their hard-earned money in gold.
Gold, Silver Prices On Akshaya Tritiya Day 2025— Check Latest Prices In Mumbai, Delhi, ChennaiFive ways to buy gold todayWith gold being one of the highly purchased items on Akshaya Tritiya, here we take a look at some of the ways to invest in the precious metal:1. JewelleryOne of the most preferred options is to buy physical gold. People often wait for this auspicious occasion to buy gold ornaments for their loved ones, as they can wear them whenever they want and can also think about passing them on to future generations.
However, it must be noted that there are additional costs, such as the making charges, attached to it that might force you to spend more compared to other options available.2. Gold coins and barsAt times, people remain sceptical about bringing home new gold ornaments since they don't consider it safe to wear them at all times.
For such people, gold coins and bars can be a more convenient option, as these are made available across multiple sizes and weights. With a certificate of purity attached to it, people can simply store it at a place of their choice and use it later on to get the latest and trendy ornaments made at the time of need, especially during marriages.3.
Gold ETFs Gold ETFs, or exchange-traded funds, are a modern way to get access to the latest gold prices without the requirement of having physical gold at home. There are several gold ETFs that can be accessed via a Demat account on almost all of the trading platforms. These help you to track the latest price of gold in the market, offering a hassle-free option to buy or even sell them, similar to stocks.
4. Gold mutual fundsGold mutual funds provide an opportunity for investors to invest money into funds that trade in gold and its related assets. This offers diversification in the gold sector as they gain exposure to it even though they are not directly buying physical gold.
5. Digital goldAnother popular option that offers huge flexibility over physical gold is to go for the digital mode of investment. People have a wide range of platforms to invest money in digital gold, with several of them allowing customers to convert their digital gold into physical gold at the time of need.
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