Dhanteras 2024: A Golden Opportunity for Smart Investments
Dhanteras 2024: An Auspicious Day for Gold Investment
As Dhanteras 2024 unfolds, this day is celebrated in India as an auspicious occasion for purchasing gold, traditionally associated with wealth and prosperity. Despite a significant 30% rise in gold prices compared to the last Dhanteras, market analysts recommend that investing now could still be beneficial. Experts suggest buying gold around Rs 75,500–76,000 and taking advantage of market dips within the Rs 73,500–73,700 range. The projected price target is set between Rs 85,300 and Rs 87,000 for the upcoming Dhanteras in 2025.
Investment Considerations for Dhanteras 2024
Though there has been a remarkable rally in gold prices, analysts continue to highlight the long-term benefits of gold investment. Anuj Gupta from HDFC Securities expresses optimism about future returns amidst various market dynamics, including global ETF inflows and economic uncertainties. Gold remains a favorable asset, and estimates positing prices could reach up to Rs 85,700 per 10 grams are gaining traction.
- Types of Gold Investment:
- Physical Gold (jewellery, bars, coins)
- Gold ETFs
- Gold SIPs
- Digital Gold
- Gold Futures
However, caution is recommended for short-term investors. Predictions suggest possible price corrections in the coming months before returning to an upward trend.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.