Top 5 Gold Investment Tips for the Festive Season 

1. Authenticity and Purity of Gold

When buying gold jewelry with purity levels of 24, 23, 22, 20, 18, and 14 carats, remember that hallmarking is necessary. Check for the BIS mark, which indicates purity. Also, check for the jeweler's mark to find out where the gold was purchased.

When buying bullion gold, hallmarking isn't necessary, but it's very important to check the seller's trustworthiness and reputation. Always ask for a receipt to ensure the gold's quality. Remember, a valid receipt will include 3% GST.

2. Ensure Security & Storage of Physical Gold

Owning physical gold might be the best choice, if you're buying gold as an investment. While virtual gold products can be a smart option, real gold has a unique feel and emotional value.

Physical gold such as coins, bars, and jewelry have a real value, but there are challenges with storage and security. Gold costs yearly for keeping it secure, whether it's in a bank vault or insured and it's wise to prioritize the security and storage of the physical gold.

3. Choosing the Right Product for Digital Gold

Many options for virtual gold investment are now open to investors. You can choose from digital gold, sovereign gold bonds, gold mutual funds, and exchange-traded funds (ETFs).

However, not all options work the same way. It's important to find out which digital investment is best for you.

4. Avoiding Bulk Investment in Gold

Investing in gold in smaller amounts is better because of its short-term ups and downs and good long-term gains. To get a good average price, you should buy gold gradually instead of all at once.

If you invest everything at once and the price drops soon after, you could lose all your money. However, if you invest in one amount over another, you can buy more if the price goes down.

One of the good ways to invest in gold is to buy gold coins and bars at a time. Purchasing gold coins and bars on Dhanteras or Diwali every year can be a prosperous choice for the future.

5. Being aware about the tax compliance of gold

If you are investing a large amount in gold, you need to know about the income tax and GST charges that apply. Understanding the tax compliance for gold is important, especially when buying during the festive season.

Final Thought

Thus, you should consider gold investment as a serious decision and should research thoroughly about the current gold market. Making an informed decision for investing in gold is as crucial as seeing it in comparison to different types of investments.

If you’re thinking of buying gold this festive season and following the tradition of buying gold every year on Diwali season, then consider Shree Ambica Touch as your one-stop place for investing in gold.

Whether it is bullion, coins or bars, we are the first-choice gold provider for all your gold buys. With our years of experience in refining, assaying, minting gold and silver, Shree Ambica Touch is a reputable name for precious metal services.

Contact us today to learn more!