It is a culturally significant occasion for us Indians to purchase gold before the festival of Diwali since it is thought that doing so would bring good fortune and wealth into the home. In addition, we are well into the festival season at this point. We have secured the assistance of some of the most successful traders and investors in the nation to guide how to invest in gold during the current year.

How to invest in gold?

The justification for investing in gold becomes more robust, as does the mood around the yellow metal when gold prices fall below historic highs. Given the current price volatility, it is advised to invest in gold from a long-term perspective.

Even though gold prices are not immune to volatility, investing in gold in smaller amounts — ingots, bars, coins, or digital gold — should be the preferred strategy over trying to time the market.

One shouldn’t worry about portfolio diversification after taking advantage of this chance to acquire gold since the yellow metal gives stability to their assets. But investors are encouraged to put between 10% and 15% of their whole portfolio into gold.

Digital gold, which is known as a virtual form of purchasing and investing in the yellow metal, may be purchased online for as little as one rupee. Due to the lack of storage, it has recently become quite popular among younger investors.

Every paisa of digital gold that a consumer buys is backed by an equal quantity of real gold stored in bank-grade vaults insured and guarded by providers. A third-party Trustee further audits this physical gold.

Additionally, it is very liquid since gold in digital form may always be purchased at the current retail market price. Units are simple for investors to buy or sell anytime and place.

People who purchase physical gold struggle with the safety and storage of the yellow metal and end up having to pay expensive locker fees. When consumers buy digital gold, this customer pain point is lessened. However, customers need to invest with a reputable seller of digital gold.