Prosperity Play: The Investors' Countdown to Dhanteras 2024
Knowledge Series
Auspicious Beginnings: The Cultural Bedrock of Dhanteras
Symbolic Prosperity: Dhanteras, marking the start of Diwali, is celebrated by purchasing gold and silver, believed to invite wealth and prosperity. Dhanteras 2024 will be celebrated on October 29.
Mythological Roots: This tradition is deeply entrenched in Hindu mythology, enhancing the festive zeal and reinforcing the belief in its auspicious benefits.
Market Pulse: Navigating Current Trends in Precious Metals
Record Price Levels: As Dhanteras 2024 nears, gold prices have peaked at ₹80,000 per 10 grams and silver has surpassed ₹1,00,000 per kg, showcasing a vibrant investment climate amid economic uncertainties.
Economic and Regional Influences: These high prices stem from global economic tensions and local market dynamics, presenting both challenges for affordability and opportunities for wealth preservation.
Central Bank Impact: Changes in interest rates and monetary policies by central banks significantly influence precious metals prices, particularly gold.
Decade of Growth: SIP Returns Unveiled on Dhanteras
Annual Investment Strategy: Our analysis reveals that systematic annual investments in gold and silver on Dhanteras yield returns of approximately 14%, mirroring the performance of the Nifty 100.
Investment Wisdom: This similarity in returns highlights precious metals as viable alternatives to traditional equity investments, combining cultural traditions with savvy financial strategy.
Asset Showdown: Comparing Returns Across Investment Vehicles
Steady Gold: With an annualized return of 12% over the past decade, gold competes closely with major stock indices like the Nifty 100.
Market Comparisons: While midcap and smallcap indices show higher returns, gold's lower volatility makes it a reliable investment choice during global crises.
For a comprehensive understanding and more insights, please go through our detailed report.