Diwali, the festival of lights, is also an auspicious time for the Indian families to buy gold. Indians have since ages been in the awe of the yellow metal. Record amounts worth of gold is bought on the auspicious days of Dhanteras and Diwali.
Gold serves an important objective in the traditional Indian families. It is used as a store of value of money. It is also used as gifts being given to the children at the time of their marriage. It is also used in form of jewellery.
All these uses are very well known. Of late, there have been discussions about gold as an investment. It has caught fancy of many investors across the world in the last few years. Investors like Jim Rogers have also talked a lot about gold as an important investment. Gold ETFs have been gaining popularity and growing in size. Dollar
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