Akshaya Tritiya 2020 brings a great opportunity for you to invest in gold as a viable investment option. Besides, being a safe investment option, it is also considered auspicious to buy this precious metal on the Akshaya Tritiya day.  India will be celebrating Akshaya Tritiya on 26 April 2020.

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While jewelry shops are closed on account of a nationwide lockdown due to coronavirus pandemic, it will be difficult to buy physical gold. However, don't worry, there are different ways to buy gold. You can buy gold in electronic form like Gold ETF, Sovereign Gold Bond, etc.

Gold is always a good asset class and all financial planners who advise you to have a diversified investment portfolio will always recommend some part of investment in gold.

"Gold is a hedge against uncertainty and a good investment vehicle, especially in the current scenario. With the COVID-19 pandemic bringing the world economy to a standstill and a possible contraction ahead, gold seems an attractive option," Pankaj Bobade, Head (Fundamental Research) at Axis Securities said.

"Moreover, as the Central Banks of developed nations have been on easing spree to fight the economic contraction, the fiat currencies are expected to face pressure in the near future. In such a scenario, gold is likely to emerge as a safe-haven asset," Bobade added.

One should have a part of the portfolio invested in Gold ETF as an insurance against the possible volatility expected in the global financial market, he further says.

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"So, if this Akshay Tritiya you are looking to buy gold, Gold ETF would be a good option from a long-term perspective," Bobade tells investors.