Gold or Fractional Real Estate: Where should you invest this Diwali?
With Diwali around the corner, investors are eyeing their two most favored assets – gold and real estate. We’re breaking down both these investment options and why we think this new way of investing has a lot of merit.
India imports most of its gold, which means that the price of gold depends a lot on the rupee-dollar exchange rate, among other factors. Therefore, when the rupee devalues and inflation rises, gold prices increase. This makes gold a good hedge against inflation. We witnessed this during the first wave of the pandemic too, when gold rose all through 2020 and reached Rs 52,420 per 10 gm in mid-October 2020.
Off late, we’re witnessing a flatlining of this trend with the previous month (mid-October) recording Rs 47,250 to a maximum
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