Monday, April 23, 2012

Akshaya Thritiya- A pure marketing technique!

Akshaya Thritiya is been marketed widely as a day to buy gold. This trend has been followed by the main jewellers for some years.
For most of us, Akshaya Tritiya is the best day to buy gold. What kind of gold you are buying is also significant here.
Before venturing to buy Gold on Akshaya tritiya, it is always recommended to go through the various options involved in buying gold. Do compare the various investments in gold in India.
Buying paper gold is a more tax-efficient and cheaper alternative to purchasing physical gold.
Though jewelers and banks offer discounts on gold jewellery and coins/bars, as buying gold on this day is considered auspicious by Indian tradition, for an investor, physical gold is not the only option. In the last few years, gold exchange-traded funds (ETFs) have also done well.
ETFs are also cheaper.
So before just going and buying gold, think about the market conditions and other usual factors that may affect the gold price! Don't get cheated on the big offers of jewellers.

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