Today is Akshaya Tritiya, as we all know it is considered auspicious to buy gold on Akshaya Tritiya but why?
Akshaya Tritiya is one day that is auspicious on the whole, i.e. no mahurat is required to start a new venture or purchase anything special. On this very day, people start their new businesses so that it begins on a good day and everything that follows is good. As we already know that buying gold adds to the wealth as well as assets of an individual, it is believed that buying gold on Akshaya Tritiya ensures eternal wealth. This is because the very term Akshaya means ‘never diminishing’.
Having said that many of us still have doubts with selecting gold as an investment plan.
So the question is, should one invest in gold?
It’s obvious for anyone to think before investing if a particular asset will be a good investment or not.
But, there are quite a few strong reasons for owning gold which go beyond the possibility of its price rising.
Investing in gold have advantages that simply can’t be found in any other investment. These advantages makes you a powerful investor. And very important, one of these reasons is because the trend shows us that price of gold is balanced to rise.
Let’s look at the rate of gold in the past 3 years which will help us identify the percentage of the fall and rise of the value of gold.
Some points that shows the importance of owning gold:
- Gold is an actual asset, that means you can hold it, something you can’t do with most investments
- Gold can’t be destroyed by time or even any calamity
- You can even en-cash it any time which you can’t do with other investment due to locking period
- Reserve bank of India has been maintaining gold reserve along with forex reserve to fight financial crisis in the country
- During the time of a financial crisis in the country when our forex reserve was low enough to pay for the country’s import then gold came as a rescue
- Gold is risk free, no contract is needed to make it whole or get it en-cashed
- No middleman or other party is required to fulfill a contractual obligation when you buy gold on a trusted platform like Paytm
Now we are aware that investing in gold is way safer and easier than any other plan and that’s why we have launched two more wealth management products that will make it easier for you to safely invest in gold for a secure future.
Gold Gifting: With gold gifting you can send 24K 999.9 Purity Gold to your loved one’s instantly. So think no more, order Paytm Digital gold for your loved ones and make them feel special, click here to order.
Gold Savings Plan : The most trusted & affordable means of saving pure Gold on a regular basis for long-term wealth management.
With these plans you can make a disciplined savings habit to easily achieve your financial goals.
A little more about our Gold Saving Plan:
This plan will help you save conveniently and regularly in gold as per the budget and requirement by entering the duration, frequency and amount of gold you want to save and it comes with no lock-in period. You can also track your investment on a regular basis through the gold passbook from Paytm app.
Your gold will be stored in MMTC PAMP’s secure & 100% insured lockers for free and you will have the power to get your gold delivered whenever you want. With Paytm gold you can get rid of extra charges like making charge, locker fee etc which is required for physical gold.
Embrace these features and rip the benefit of access to the trusted and affordable Gold Savings Plans.