In this blog, we are going to tell you Is this a good time to invest in gold? As you know Indians and generally Indian women are a fan of gold and the amount of gold that is in India is off the charts. India has 658 tonnes of gold and the majority of gold is in the household of Indian people.
Indians don’t miss a single chance to buy and gold and keep them and it is an investment not spending because the price of gold will increase in the future.
When it comes to investing their money Indians are behind because they don’t invest their money in stocks and other commodities which will give them high returns, they believe to invest their money in gold.
In my opinion, it is better to invest in gold or other things than just keeping your money in your lockers and bank accounts.
Why Invest in gold?
Investing in gold is always a great choice for people who want to invest their money but not in stocks because they are afraid of risks and gold is a low-risk investment because gold is not that much volatile and its prices do not fluctuate very much.
Investing in gold is also a good choice because it is a luxury good as well as an investment. Gold is also highly liquidated and it is also a physical investment but the main drawback is it will not give you as high returns as stocks.
It is still a great investment for those who want to play on the safe side.
Is it a good time to invest in gold?
Yes, this is a good time to invest in gold because the price of gold is in a dip and it is not touching the roof like it was doing a few months ago. Currently, the price of gold on 1st October that is today is Rs 47,900.
The price of gold is falling make it one of the best times to invest your money in gold. If you are thinking to buy gold then just go ahead and buy it.
NOTE: The prices of gold may vary from state to state and can fluctuate at the time you’re reading this blog.
Is it good to invest in gold stocks?
Yes, it is a good idea also because maybe it will give you higher returns than the physical gold. If you are a new investor then I will suggest you invest in gold stocks.
If you are investing in the correct companies then you can make high returns. We have made a blog for investing in gold stocks. Click here to read it.
Why gold is a good investment?
Gold is a good investment because it is a physical asset and a luxury good also and it is for people who don’t want the higher risk.
Will gold ever lose its value?
The prices of gold will fluctuate like any other stock but it will never lose its luxury status and its value.
Is it better to keep cash or gold?
In my opinion, it is better to keep gold because it is better than keeping your money in your locker or your bank account its value will increase also.