Dhanteras 2017 offers on gold are pouring in here's your guide

Dhanteras 2017: Offers on gold are pouring in. Here's your guide

Dhanteras 2017: Offers on gold are pouring in. Here's your guide on Business Standard. Are you planning to buy gold this Dhanteras? It is that time of the year when people flock to buy gold

Latest News It is that time of the year when people flock to buy gold. Dhanteras, an amalgamation of Sanskrit words dhan, that stands for wealth, and teras that refers to the 13th day of the Hindu calendar, is marked by praying to goddess Lakshmi and the purchase of gold objects.

To cater to the ritual of shopping on Dhanteras, various online websites have come up with attractive offers on gold, silver and other metals for the Diwali Sale season.

From the option of buying gold for Re 1 to getting massive discounts on branded jewellery, the online shopping world is full of best deals for Dhanteras celebrations.

This year's Dhanteras comes after the government changed a key rule governing gold buying. As part of the push to revive consumer sentiment in the economy, the government recently allowed people to buy Rs 2 lakh worth of gold without quoting the permanent account number.

1. Buy Gold For Re 1: Paytm Gold: Under its 'Diwali Gold Sale', Paytm enables 3% additional gold on a minimum purchase of Rs 10,000 in this festive season. You have to use the promo code GOLDFEST to avail the offer. In order to sell gold, Paytm has partnered with MMTCPAMP, for 24 karat gold. Alternatively, you can buy gold from it at for as little as Re 1.

2. Amazon Gold coins: If you aim to buy a gold coin, you must check out the offer from biggest e-tailer-Amazon. The e-tailer is offering its customers up to 10% discount on gold coins.

You can choose from a range of leading brands like Joyalukkas, Malabar, Senco Gold, Bluestone, P.N. Gadgil Jewellers, Kama Jewellery and MMTC-PAMP. The coins are available from 1 to 50 gm with purity level ranging from 22 kt to 24 Kt. 3. Sovereign gold bonds: Earlier this month, the centre launched the next tranche of sovereign gold bond (SGB) scheme, the second in 2017-18 to cash in on the festive fever. The scheme will remain open till December 27, and allows investment for a minimum 1 gm.

There is a discount of Rs 50 per gram if you purchase online and you will get an interest of 2.5 per cent per annum besides the price appreciation of the metal in the years.

Also, like physical gold, you can use these bonds as collateral for raising a loan and do not have to incur cost related to storage and handling.

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