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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its...

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its worth not only during festivals, but also during uncertain times. Whenever the world faces wars, inflation, currency weakness, economic slowdown, or financial panic, investors across the globe look at gold as a safe haven. This is because gold has a unique quality. It is trusted across countries, cultures, and generations. It does not depend on the promise of one government, one company, or one currency. Why Gold Holds Value Unlike paper currency, gold cannot be printed endlessly. Unlike businesses, it does not depend on profits or management quality. Unlike real estate, it is globally accepted and easily valued. This is why gold continues to remain one of the oldest and most respected stores of value. It has survived centuries of change, economic cycles, wars, and financial crises. The Right Role in Your Portfolio That said, gold should not be treated as a shortcut to wealth creation. Equities and equity mutual funds still remain essential for long-term growth. Gold plays a different role. It brings balance, stability, and protection to your portfolio. When equity markets are volatile or global uncertainty rises, gold often provides comfort. A sensible allocation of around 10-20% to gold can help reduce overall portfolio risk.  So basically, while stocks and equity mutual funds play the lead role in your long-term financial goals, gold plays the supporting but essential role. Physical Gold Has Limitations However, the way you invest in gold matters. Buying physical gold during festivals may feel emotionally satisfying, but it comes with practical challenges. There are making charges, purity concerns, storage issues, risk of theft, and liquidity problems. A necklace may be beautiful, but you cannot easily sell only a small portion of it when you need money. Also, when gold is bought as jewellery, the investor often forgets to calculate the actual return after making charges and deductions. Smarter Ways to Invest This is where Gold Mutual Funds and Gold ETFs become useful. They allow you to invest in gold without worrying about lockers, purity, theft, or storage. You can invest flexible amounts, start SIPs, track value easily, and redeem conveniently when required. For investors who want gold as part of their financial plan, these options are far more practical than buying jewellery purely as an investment. Tradition with Financial Clarity Akshay Tritiya is a beautiful reminder that wealth should be built with faith, patience, and clarity. Buying gold is auspicious, but buying it in the right form is financially wise. This Akshay Tritiya, celebrate tradition - but also upgrade your financial thinking. Because true prosperity is not just about owning gold. It is about owning it smartly. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

EAM Jaishankar engages with strategic experts in Netherlands, emphasizes stronger India-EU ties



The Hague [Netherlands]: External Affairs Minister (EAM) S Jaishankar, during his visit to the Netherlands on Monday, held discussions with strategic experts in The Hague, focusing on the need to deepen India-Netherlands and India-EU relations in an era defined by multi-polarity and strategic autonomy.



Sharing a post on X, Jaishankar wrote, "A good exchange of views with strategic experts in the Hague this morning. Discussed why India and the Netherlands/EU should engage more deeply in an era of multi-polarity and strategic autonomy."





EAM Jaishankar arrived in the Netherlands on Monday to hold discussions with the country's leadership.



According to a statement from the Ministry of External Affairs (MEA), EAM Jaishankar is on an official visit to the Netherlands, Denmark, and Germany from May 19 to 24.



During the visit, the EAM will meet with the leadership of the three countries and hold discussions on the entire range of bilateral relations.



Discussions will also take place on global and regional matters of mutual interest.



EAM Jaishankar's visit to Germany came after Friedrich Merz took over the office as the new Federal Chancellor of Germany earlier this month.



Prime Minister Narendra Modi extended his warm congratulations to Friedrich Merz and expressed his eagerness to work closely with Chancellor Merz to further strengthen the India-Germany Strategic Partnership.



In the wake of the dastardly Pahalgam terror attack, the three countries were a part of the several countries from across the world that had expressed solidarity with India.



The Danish Prime Minister, Mette Frederiksen, offered support to India and condemned all acts of terrorism. She also extended condolences to the victims of the attack and their families.



India shares warm and friendly ties with the three countries. The relationship between India and Denmark is based on historical links, common democratic traditions, and a shared desire for regional and international peace and stability. The current development of renewed India-Denmark relations has been guided by the "Green Strategic Partnership," the MEA said

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