Let There Be Glitter! Why Dhanteras is a Good Time to Invest in Gold
The Hindu
It’s that time of the year again — when all that glitters is gold. Yes, the festive season is here, and around Dhanteras, the demand for the precious yellow metal usually sees a rise. This day is cons
It’s that time of the year again — when all that glitters is . Yes, the festive season is here, and around Dhanteras, the demand for the precious yellow metal usually sees a rise. This day is considered auspicious to buy gold, but ever since the pandemic struck, we’ve become more cautious about our financial decisions. Is investing in gold still a good idea? Should we take the plunge yet again this festive season? The answer is a big YES.
Although the price of gold is high, it is important to understand that historically, it has proven to be a good hedge against weakened currency and inflation. This makes it a particularly safe investment, more so when we are living in uncertain times.
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