Winning Bizness Desk
Mumbai. Gold is hitting an all time high once again and people have once again started investing in this metal. Winning Bizness here tells you that if you also like to invest in gold, then apart from physical gold like jewelry or gold biscuit-coins, you can invest money in it in many other ways. In this, your money will also be completely safe and if you need money, you will be able to loan it or sell it easily.
1. Gold Exchange-Traded Funds (Gold ETF)
The facility to buy gold like shares is called Gold ETF. These are exchange-traded funds, which can be bought and sold on stock exchanges. Since the benchmark of gold ETF is spot gold prices, you can buy it closer to the actual price of gold. To buy Gold ETF you need to have a trading demat account. But to buy gold ETF, you have to open a demat account. In this, you can buy units of Gold ETF available on NSE or BSE and the equivalent amount will be deducted from the bank account linked to your demat account. Click here for more information related to this
2. Invest in gold through payment apps as well
Now you can invest in digital gold from your smartphone. There is no need to spend a lot of money for this either. You can buy gold at any price as per your convenience. Even for 1 rupee. This facility is available on platforms like Amazon-Pay, Google Pay, Paytm, PhonePe and Mobikwik. There are many advantages of buying digital gold. You can also start investing with Rs. Through this you invest in pure gold. There is no cost of jewelery making. This also saves money. There is no need to worry about keeping it as safe as physical gold.
3. Sovereign Gold Bond is also a good option
Sovereign Gold Bond is a government bond, which is issued by the government from time to time. Its value is not in rupees or dollars, but in gold weight. If the bond is of 1 gram of gold, then the price of the bond will be the same as the price of 1 gram of gold. Sovereign Gold Bonds earn a fixed interest of 2.50% per annum on the issue price. Demat account is necessary for investing in it. To buy gold bonds, you need to open a demat account through a broker. In this, you can buy units of gold bonds available on NSE and the equivalent amount will be deducted from your bank account linked to your demat account. It can also be invested offline. Click here for more information related to this
4. Physical Gold
Investing in physical gold ie buying jewelery or gold biscuits-coins. Experts do not consider buying jewelery as the right way to invest in gold, as GST and making charges have to be paid on it. That's why you have to pay more money in advance. On the other hand, you do not invest in 24 carat gold for making jewellery, because gold jewelery is not made of 24 carat purity. However, you can invest in gold biscuits or coins.
Gold price doubled in 10 years
Talking about the last 10 years, gold has given more than 100% returns. In March 2013, gold was at 29 thousand rupees, which has now reached 60 thousand rupees per 10 grams. Whereas last year i.e. in March 2022, at this time gold was at 52 thousand rupees. That is, gold has given a return of about 15% in the last 1 year. On the other hand, Anuj Gupta, Vice President of IIFL Securities, says that gold is getting support due to the ongoing ups and downs in the stock market. Due to this, by the end of this year, gold can go up to 65 thousand rupees per 10 grams.
