Thread by @Akshat_World

Like several mothers in India, my mom too buys a bit of gold/silver every Diwali.

I asked why?

She said: tradition.

Here are 5 simple gold buying tips in India that can help you get best returns.

[A thread...]

[1] Jewellers like Tanishq usually have a machine, which looks like this:

Whatever gold you are buying get it checked here.

[2] To be double sure: always buy BIS-Certified gold.

BIS is the national standards body in India which certifies metals (called "Hallmarking").

Hallmarking= accurate determination and official recording of the proportionate content of precious metal

[3] Rather than buying gold ON/NEAR Diwali, buy it a few weeks before

While, Gold prices are determined by international prices, which sets the baselines. The commissions are decided by jewellers.

Jewellers always jack up commissions near Diwali.

[4] If you are buying gold for investment then don't buy jewellery.

Jewellers charge "making" and "wastage" charges which can range from 3%-25%.

Plus, at the time of selling the gold, you will have to pay commissions.

[5] It is always better to buy gold in smaller chunks than in bigger blocks (in case you are looking to make bulk investments).

Why? storing gold is complicated. Storing it in your bank lockers has been considered as the safest means, so do think about that.

[6] In case you are not into physical gold, there are other options like SGB (Sovereign Gold Bonds)

Or you could consider something like Nippon India Gold Bees ETF.

In these options the liquidity is high and you can buy in smaller units. Plus, no hassle of storage.

[7] Gold acts as a hedge against stock market risk. So gold should be "a part" of your portfolio.

In case you are interested in learning: how a mix of Gold + Equity can be created, check this free Smallcase:

link.smallcase.com/hN1cxavo0gb

#smallcaseKaMuhurat #collab

[8] Happy Diwali 🪔🪔🪔