Over the last two years we have seen that one event that is marked for buying gold is Dhanteras. There had been mad rush for buying gold despite the prices sky rocketing during these months. Akshya Tritya and Dhanteras are now two important festivals for business and families for buying gold.
Buying gold on Dhanteras is considered auspiscious as it connects to the story of a saving the son of King Hima by his young wife by deviating Yama’s attention on one particular day (Dhanteras). Dhanteras also signifies the day when Lord Vishnu emerged during the kshera sagar madhan.
We are already seeing lot of advertisements from Banks, Retailers, Gold merchants on offers attracting buyer for gold but be aware that all that glitters is not gold. You need to be very careful before you buy gold, especially ornaments form of gold. Do buy gold at reputed stores (joyalukas,MBS Jewellers, TBZ, Tanishq, kalyan Jewellers etc.
Do read our gold buyers guide and understand what options you have for buying gold.
You can buy
1) Ornaments (Pay 20% extra for wastage and making Charges)
2) Gold Bars (only 1% VAT)
3) Gold ETFs / Mutual Funds
With gold price at Rs. 26,213 (now) Happy Gold Buying – Happy Dhanteras and Happy Diwali