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Make your portfolio precious with gold, silver ETFs
From Akshya Tritya of 2003 to 2023, silver prices have jumped nearly 900%, gold has given a whopping 4-figure return of 1000% during the same period
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Should you buy gold on Akshaya Tritiya?
During 2022-23, gold has given around 16% return
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Gold demand increased on the eve of Akshaya Tritiya
Traders' organization CAIT estimates that this time on Akshaya Tritiya, a business of 15 thousand crores was done in the bullion market.
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Covid-19 Impact: How the virus has muted festival spending?
People have become aware and are saving their money for emergency corpus rather than spending it on gifts, and unnecessary items
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Akshaya Tritiya: Jewellers see just 10% of pre-Covid sales
In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline
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Akshaya Tritiya begins on sombre note; jewellers expect 10-15% sales
Usually, 30-40 tonne gold is sold on the auspicious occasion of Akshaya Tritiya. However, this time sales are not likely to reach even 1 tonne
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Buying gold this Akshaya Tritiya? These instruments add a sheen of liquidity
Investors must keep in mind that all gold-linked investment avenues may not provide the same level of liquidity such as physical gold
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Akshaya Tritiya: What are the gold options to invest in?
The price of gold again surging ahead to almost Rs 50,000/10gms.
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Want to buy gold on Akshaya Tritiya? Explore these options
Instead of buying physical gold, you can look at buying digital gold like gold ETFs, Sovereign Gold Bonds or you can also explore buying jewellery onl
