2024 set for best calendar year performance for gold in 10 years: WGC
It said that the gold prices are up 28% in USD till November-end.
The Ram temple consecration event on Monday led to a jump in tourism and a rise in stocks of companies that make temple models.
With the consecration, there are multiple investment avenues opened for the citizens.
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Gold refiner Augmont has introduced a Shree Ram Mandir Coin Kit which is a 7 gram gold coin available for Rs 52,751 instead of the original price of Rs 55,000, with Rs 2,000 in free digital gold.
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When you buy a gold coin, you will get a receipt that will be your proof of purchase.
A contribution to the temple trust can also be done through a means of donation. Once you make the donation, do not forget to collect the permanent account number (PAN) and registration number of the trust and the address.
Cash donations of over Rs 2,000 cannot be accepted if you want to claim the Section 80 G benefit. Only 50% of the donation amount can be claimed under Section 80 G of the Income Tax Act.
Notably, the contributions to the Ayodhya Ram Temple through the Bharat Bill Payment System reportedly saw a doubling trend every two hours on Sunday.
Both in terms of quantity and amount, the donations made through UPI are reportedly doubling every couple of hours, enabling devotees to digitally participate in the inauguration, even if they are not physically present.
Another avenue of investment opened by the consecration is the property ecosystem. According to Anarock research data, realty demand in Ayodhya has risen significantly.
The property prices in and around the city have already risen significantly during the last 4-5 years and are likely to surge further in the years to come.
Also, anticipation is high with certain stocks in the hospitality and travel and tourism sectors with a focus on Ayodhya.
Experts have bet high on stocks of certain companies like Praveg, an Ahmedabad-based company is a pioneer and leader in experiential tourism in India, InterGlobe Aviation, IRCTC amid others are set to witness growth in the coming days.
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