Gold and silver have rarely seen such a rise before. Gold and silver have broken all previous records of their rise. Both precious metals have increased investors’ money by more than one and a half times in one year. Just before Diwali and Dhanteras, the prices of both are at record highs. In India, buying gold and silver on the occasion of Diwali is considered auspicious. It is believed that investing in gold and silver on this occasion brings happiness, peace and prosperity to the house. The question is, how should you take advantage of this ongoing rise in gold and silver?
Investors all over the world are investing in gold
Investors around the world are watching inflation, currency fluctuations and geopolitical tensions. gold And Silver Are investing in. Here, festive shopping in India has also increased the shine of gold and silver. Those who do not buy gold buy silver. On Dhanteras and Diwali, purchases can be made in either gold or silver. However, the fundamentals of gold and silver are different. While gold is the biggest source of safe investment, silver is used in many types of industries. When its demand increases due to industrial use, its prices rise.
Tax and making charges are also applicable on gold jewellery.
If you are going to buy gold jewelery on Dhanteras or Diwali, then you have to keep in mind that you will also have to pay GST and making charges. If it is not necessary for you to buy gold jewellery, then you can invest in paper gold. Gold ETFs, gold schemes of mutual funds and SGB papers are examples of gold. By investing in paper gold, you do not have to worry about keeping gold jewelery safe.
Silver is used in the production of solar panels and EVs
Experts say that silver is used in solar panels and electric vehicles. Both are emerging sectors. This means that as the use of solar energy and electrical vehicles increases in the coming years, silver prices will also increase. Currently, due to industrial demand, the demand for silver is high and the supply is less. If you want to invest in silver then you can buy silver bars or coins. If you want, you can also invest in silver ETF.
10-15 percent share of gold and silver in the portfolio
Experts say that due to the rise in gold and silver, people’s interest in investing in them has increased. But, it is not wise to invest in any asset just because of its bullishness. Investment advisors recommend keeping the share of gold and silver in the portfolio to 10-15 percent. If you hold more bullion in your portfolio than this level, you may lose the opportunity to earn higher returns in the long run by investing in equities.