top of page

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.)

There has always been tension between India, Pakistan; they'll figure it out: Donald Trump

  • PTI
  • Apr 26, 2025
  • 2 min read


NEW YORK: US President Donald Trump has said there has always been tensions between India and Pakistan and the two countries will figure it out between themselves “one way or the other”.


Trump made these remarks on Friday after he was asked about tensions between India and Pakistan in the wake of the Pahalgam terror attack in which 26 civilians were killed and if he would be talking to the leaders of the two nations.

“I am very close to India and I'm very close to Pakistan, as you know. And they've had that fight for 1,000 years in Kashmir. Kashmir has been going on for 1,000 years, probably longer than that. And it was a bad one yesterday, though, that was a bad one. Over 30 people,” Trump said during a press gaggle with reporters aboard Air Force One on the way to Rome.


There have been “tensions on that border for 1,500 years. So you know, the same as it's been, but they'll get it figured out one way or the other. I'm sure. I know both leaders. There is great tension between Pakistan and India. But there always has been", he said.


India on Wednesday suspended the Indus Water Treaty (IWT) and downgraded diplomatic ties with Islamabad. That call was taken by India after the attack Tuesday in Pahalgam that killed 26 people, mostly tourists.


The Resistance Front (TRF), a proxy of the banned Pakistan-based Lashkar-e-Taiba, claimed responsibility for the attack.


In response to India's decision to suspend the IWT, Pakistan on Thursday threatened to suspend the Simla Agreement and put other bilateral accords with India on hold. Pakistan also suspended all trade, closed its airspace for Indian airlines and said any attempt to divert the water meant for it under the Indus Water Treaty will be considered an Act of War.


Islamabad also closed the Wagah border post, cancelled visas given to Indians under the SAARC Visa Exemption Scheme (SVES) and asked military advisers at the Indian High Commission to leave-mirroring steps taken by India over the Pahalgam terror attack.

Comments

bottom of page