Is This A Good Time To Buy Gold?

Gold is considered as an auspicious metal. It’s been an integral part of our Indian culture and will continue to be so in the future too. Indians love gold so much that they not only buy gold jewellery for themselves but also adorn their deities in gold jewellery all year round.  Let's discuss why gold is so popular and continues to be so even at these times of need.

5 Reasons Why You Should Buy Gold

Safe Haven

Before we know why gold is a safe haven, we need to know what is a safe haven. A safe haven is an investment that is expected to retain or increase in value during times of market turbulence. Gold is one element whose value increases whenever there is any natural or man-made calamity across the globe. So whether there are chances of a war or a pandemic, gold prices will go up. It’s always a good option to stock up on some gold now and then.

Ever-Growing Investment

Once the gold rate has gone up, it does not come down easily. You might see news headlines claiming the gold rate has gone down by Rs. 1000 but that is for 10gm. Overall, there’s a marginal drop per gram and that is pretty much negligible. So, once you have bought your gold, the rate will keep increasing (if not the same) and always give you the same or more returns.

Festive & Wedding Season

With the festive season is upon us and the wedding season is just around the corner, it’s the perfect time to refresh your jewellery box with some new design for the upcoming festivities. Now that we have established the fact that the gold prices will keep hiking, get your jewellery for Navratri or wedding now when the rates are low.

Pocket-Friendly Investment

Most people think buying a house is the only form of investment. It’s not! Gold is one of the best forms of investment that millennials can do without thinking of applying for a loan for the same. You can buy 'x' gm gold every month and make yourself a small treasure by the end of the year. The best part about investing in gold is, you can do that digitally too. If you’re doing it for the sole purpose of investment, just get it digitally mate. If not, you can buy gold in the form of bars, coins or jewellery from Candere every month.

Hassle-Free

Buying gold is the easiest form of investment. You can check the gold pricing online and head over to the nearest Kalyan Jewellers store to get yourself a gold coin. If you don’t have the time or a Kalyan Jewellers' outlet nearby, you can head over to Candere and get your gold. The best part is, there is no unnecessary paperwork and the process is smooth and easy.

Summing it all up, it is always a good time to buy gold now.