Akshaya Tritiya 2024: Akshaya Tritiya will be celebrated across the country on Friday, May 10. It is also known as Akhatij. This day is considered a very auspicious day for new beginnings, investments and weddings. Akshay is a Sanskrit word, which means that which never diminishes. Therefore it is believed that the work done on this day always leads to progress. Usually people buy gold on this day. It is not necessary that you buy gold only by going to the jewelery shop. You can buy gold in 4 ways. Let us know.
1.Physical Gold
Physical gold is the most popular way to buy gold. People buy jewelery or gold coins. If you are buying gold for investment, it may prove to be a bit expensive for you. Because making charges are also involved in gold jewellery. Also, if you keep this jewelery in a bank locker, you will also have to pay its rent. There is also a fear of gold being stolen from the house.
2. Digital Gold
Customers can buy digital gold from various platforms. Nowadays payment apps also offer digital gold to their customers. The most important thing is that you can buy gold here for just Re 1. There is no fear of this gold being stolen.
3. Sovereign Gold Bond
You can also earn regular interest income by investing in Sovereign Gold Bond. It is the best alternative to physical gold. These bonds are issued by the Government of India, hence they have sovereign guarantee. The government sells sovereign gold bonds in certain tranches every financial year. Investors can also buy these bonds from the secondary market at market price.
4. Gold ETF
Gold exchange traded funds i.e. ETFs invest in gold of 99.50 percent purity. Gold ETF is linked to the price of gold. Each unit of a gold ETF is linked to a specific price of gold. Buying and selling of this investment takes place on exchanges. Customers can also invest here through SIP. To invest in Gold ETF you must have a trading account and demat account. In this way you can invest in gold without having it physically with you.
what is the auspicious time
Akshaya Tritiya festival is also called Akha Teej. The auspicious time for worship on Akshaya Tritiya is from 5:33 am to 12:18 pm. Whereas the auspicious time to buy gold is throughout the day.
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