Dhanteras: All you want to know about Gold ETFs and buying gold this Diwali season

On the occasion of Dhanteras, ET gives you an insight on the pros and cons of investment in gold, live gold ETF prices and why gifting gold might be a good option this year.

By Agencies | Updated: Oct 24, 2011, 01.44 PM IST

With Dhanteras on Monday gold buying is experiencing its seasonal spurt. Dhanteras is considered a day auspicious to buy gold.

Festivals or feats, we like to say it with gold. We advertise the gold on our person and we whisper about the bars and biscuits making a neat fiscal snack in the lockers.

Wear it, flaunt it, hoard it or eye it, this 24-carat of blinding, blingy brilliance is a 24-hour obsession with us. The West can rave about the rarity and sophistication of platinum and delight in the dazzle of diamonds, but we, oh boy, are sold on gold!

According to the World Gold Council, India accounted for 32 per cent of the global total gold purchase of gold in 2010.

Gold bullion and coins are in high demand along with jewellery as more and more people now turn to the precious metal as a safe investment option at a time the country's stock markets seem unstable amid the global economic uncertainty, jewellers said.

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The fall in gold prices in international markets from about $1,900 an ounce in September to about $1,600 an ounce in October has also boosted the buying spree.

On the occasion of Dhanteras, ET gives you an insight on the pros and cons of investment in gold, live gold ETF prices and why gifting gold might be a good option this year.

GOLD ETF Live Prices

	Analysts’ take
	Options of investing in Gold & their pros and cons No other investment option endures the test of time so well and hence it's universally accepted as one of the best financial assets to possess in rough economic conditions. (Read more)
	India gold ETF demand likely to explode: World Gold Council The World Gold Council expects gold prices on India Multi Commodity Exchange to stabilise in between Rs 27,000 and Rs 28,000 per 10 grams in Oct. (Read more)
	Gold likely to stay bullish, say experts Gold prices present a good opportunity for long-term investors to accumulate the precious metal as its overall outlook remains positive amid the current economic uncertainty. (Read more)
	This season, why not make a financial gift like Gold ETF, bluechip stocks? How about being a little different this time — some out-of-the-box ‘financial gift’ ideas that will also ensure financial security to your family? (Read more)
	Gold may scale up to Rs 30000 per 10 grams by Diwali: Industry Gold is still considered to be the best bet for hedging as global crisis continue without making any tangible headway. (Read more)
	Gold to perform best among commodities: Morgan Stanley Gold will perform best among commodities next year and may rally to a record as investors seek to safeguard their wealth. (Read more)