New Delhi: Akshaya Tritiya this yr, just like the final yr, will probably be marred by the onslaught of the second wave of COVID-19 disaster.
Akshaya Tritiya is taken into account an auspicious day for getting gold, silver and different metals. Gold costs are extensively tracked in bullion market largely as a consequence of token purchases on the auspicious event of Akshaya Tritiya.
Akshaya Tritiya, variously often called Akti or Akha Teej or Akshaya Trutiya, is taken into account to be one of probably the most auspicious days for Hindus. It falls on the Lunar day of Shukla Paksha in the month of Vaisakha. As the identify suggests, Akshaya Tritiya means the ‘third day of endless prosperity’.
Gold is the preferred type of funding for Indians. During events like Dhanteras and Akshaya Tritiya, Indian folks prefer to spend extra on physical gold. However, as a result of introduction of fashionable expertise and the main target now shifting extra on digital side, this Akshaya Tritiya might be a good window to speculate in gold digitally. Several digital gold merchandise additionally permit prospects to purchase and promote worldwide high quality gold at market-linked costs immediately.
During the second wave of COVID-19 pandemic, a number of components in the nation are following curfew or partial lockdown. Hence in such a scenario, investing in physical gold might come as a bit of problem.
What is digital gold?
Physical gold purchased digitally and simply by a cellular app is digital gold. Digital gold has more and more caught the attention of buyers because it affords all the advantages of gold together with the convenience of buying and selling and transactions in smaller denominations. Customers get licensed gold with high quality assurance which is saved securely in vaults.
“In the present environment, when some states are under a lockdown and citizens are discouraged to step out in others, digital gold is the safest option that allows customers to buy gold, from the comfort of their homes on Akshaya Tritiya. Moreover, this is the right time to invest in digital gold as it is an attractive proposition for investors looking at long-term savings as gold has always been an insurance against uncertainties. Millennials who tend to lean towards digital investment options can also buy digital gold. They can purchase fractional physical gold for a small investment,” stated Ashraf Rizvi, Founder & CEO, Digital Swiss Gold & Gilded.
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