It’s that time of the year again when people flock to the streets to grab a piece of the yellow metal to either add a touch of auspiciousness to Diwali or to add some glitter to an upcoming wedding.
But in their eagerness, very often buyers tend to splurge on gold jewellery or gold coins by convincing themselves that they are investing rather than spending as the value of the holding is likely to increase in the future. While the justification isn’t entirely incorrect, it lacks some important considerations.
