Gold must be on top of your mind, with _Dhanteras_being celebrated today in most parts of India. It is an auspicious occasion to welcome home Goddess Lakshmi, the goddess of wealth. But are you wondering about how much or in what form you want to invest in the shiny metal?
If you are an investor, you might not want to buy anything that you could get too emotionally attached to, like a Lord Ganesh idol made of gold. In such cases, the best bet may be investing in gold biscuits and bars. To know more about where you can buy gold, read what _ www.moneycontrol.com_has to say.
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If your favoured form of gold investment is jewellery, be prepared for long queues at the showrooms today. Choosing your gold coin will hardly take any time but the billing and the delivery process could be exhausting. If you’re planning to purchase just coins or bars but are scared of making your way through heaving crowds, Gitanjali Gems has an easy solution for you: a gold ATM. They have launched a jewellery machine at High Street Phoenix that will cough up gold and silver coins, bars, pendants with religious motifs and even diamond jewellery. _ DNA Money_explains more about how to buy via an ATM.
Are you holding too much cash for an emergency or because you’re scared of losing money in risky investments? The answer to that is most likely to be ‘yes’, because cash holdings by Indian households have gone up 51 percent in the past two years. But an Economic Times report says that saving so much in cash is not really a good idea. It points out that if you save Rs 15,000 per month and your savings go up 5 per cent every year, you might end up losing Rs 67.7 lakh by depositing money in your savings account compared with investing 50:50 in debt and equity instruments. For more details, click here.
Were you one of those who seriously believed that diversifying your portfolio meant you could buy shares across the length and breadth of the country? If yes, then you probably invested in the SBI One India fund in 2006. Nearly Rs 38,036 crore was collected by 45 equity schemes founded on the same theme that same year. But an _Economic Times_report urges investors to dump such underperforming funds and move on to better investments. Hereis what the report says.