Raksha Bandhan 2022 Gold gift for sister: Is it a good idea?

This Raksha Bandhan, you may renew the vow of protecting your sister through a gift of gold.

The gift of gold may be shared in the physical form through gold coins or gold jewellery.

In the digital form, you may invest in the name of your sister in gold ETFs or Sovereign Gold Bonds.

While the ornamental value of gold remains evergreen, its financial value has also strengthened in 2022

Currently selling at around Rs 52,000 per 10 gram (for 24 carat), reports have shown that Gold emerged as the best-performing asset class for the first seven months of 2022.

Reports have shown that Gold emerged as the best-performing asset class for the first seven months of 2022.

So as a part of encouraging investment you can gift gold to your sister on this Auspicious Day

Based on the current macroeconomic development, Gold will continue to be a preferred asset class until uncertainties over the Russia-Ukraine conflict fades

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