As October nears, many are increasingly excited for this year’s Diwali. Diwali is one of the largest festivals celebrated by millions of Hindus, Sikhs and Jains around the world. Diwali is known as one of the largest festivals in India. This breathtaking five-day festival is celebrated by families with amazing lights, decorations, gifts, prayers, and mouth-watering feasts. Diwali celebrates new beginnings. For many, Diwali coincides with the new year and harvest celebrations. The festival also celebrates the victory of good over evil and light over darkness. Dhanteras marks the first day of this five-day festival. This year, Dhanteras is expected to be on October 23. One of the most notable practices during Dhanteras is buying precious metals, especially gold. 

Why purchase gold on Dhanteras?

Purchasing gold during Dhanteras is a symbol of future success, good luck, and well wishes. The tradition of purchasing gold on Dhanteras began from an old legend of a young king whose life was saved by gold and silver. King Hima was predicted to be killed by a snake bite on the 4th day of his marriage. To save the king’s life, his wife tricked the god of death. She placed several stunning gold and silver ornaments and jewellery by the door of the king’s room. The god of death was amazed by the beautiful precious metals, and left silently, sparing the king’s life.

How you can purchase Gold this Dhanteras

There are a few ways to purchase gold for yourself or your loved ones this Dhanteras. 

Physical Gold

The first method to purchase gold this Dhanteras is through physical gold. Purchasing gold in its physical form means you’re paying for more than just the gold. Gold costs more when it is in its physical form to cover the gold’s purity as well as the costs it takes to shape it into beautiful jewellery. 

Non-Physical Gold

More investors typically opt for non-physical gold as it is more efficient for investing and costs less than gold in its physical form. Unlike physical gold, non-physical gold only covers the cost of the purity and weight of the gold. It comes in bars or coins and can be bought in bulk in the form of bullion. This makes it better for investing. 

Gold Stocks – ETFs

Another method of investing in gold is through gold ETFs. This stands for gold exchange-traded funds. ETFs are essentially a type of investment fund and an exchange-traded product. They are used to own gold as an investment. Stock exchanges are traded the same way as investments in physical gold for gold stocks. Investors who invest in gold ETFs must have both a Demat account and a trading account. 

Out of the three ways of investing in gold mentioned above, purchasing physical and non-physical gold may be the best option for you this Dhanteras. These methods allow you to have full control over your investments. You’ll also be able to hand deliver your gold gifts to your loved ones. 

For those of you looking to purchase gold this Dhanteras and Diwali, feel free to take a look at our wide selection of gold coins and bars! Happy Dhanteras and Happy Diwali!