Akshaya Tritiya: Invest in sovereign gold bonds, not solid gold

They're better as they pay interest and aren't taxed at maturity, but you need to invest long term

Last year, if you had bought gold on Akshaya Tritiya, a popular festival when it is considered auspicious to buy the yellow metal, you would be sitting on a loss of 3.5 per cent as on April 26.

Nonetheless, market experts are currently bullish on gold.

"Despite the Federal Reserve’s interest rate hike, real interest rates will remain negative. Also, the rise of populism in Europe (read Brexit) will keep investors interested in gold. The current drop in prices is a good opportunity to buy," says Chirag Sheth, research consultant, South Asia, Metals Focus.

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