Saturday, March 2nd, 2024

This is the best option for investing in gold, know how you can earn profit by investing money

Best Gold Investment Options In India: For people in India, gold is not only a precious metal but also an auspicious metal. Gold investment in the country has always been considered a great option. If you also want to get good returns by investing in gold, then this news can prove to be useful for you. In this news, we are going to tell you many different ways to earn good profits by investing in gold. With the help of which you can adopt many ways of investing in gold.

ways to invest in gold

There can be many options for investing in gold. It mainly consists of jewelry, gold coins, gold bullion, gold mutual funds, sovereign gold bonds, digital gold, etc., but the best option is considered to be sovereign gold bonds.

sovereign gold bond

This is a government scheme, in which the risk of investment is less and you get good returns. Reserve Bank of India (RBI) issues Sovereign Gold Bond, so there is no problem regarding its purity. Investing in Sovereign Gold Fund is a profitable deal. On this, apart from the price of gold, there is a benefit of fixed return of 2.5% per annum.

buy digital gold

If you use the payment app on your smartphone, then you can also invest in Digital Gold. There is no need to spend a lot of money for this. You can invest by buying gold at your convenience. This facility is available on platforms like Amazon Pay, Google Pay, Paytm, PhonePe.

Gold Exchange Traded Funds

The facility of buying gold like shares is called Gold ETF. This is a mutual fund scheme. This is one of the cheapest options for investing in gold. These are exchange traded funds that can be bought and sold on stock exchanges. The benchmark of gold ETF is spot gold prices, you can buy it close to the actual price of gold. To buy it you must have a trading demat account. In this, gold is bought in units. On selling it, you get not gold but an amount equal to the market price at that time.

Gold Mutual Fund

Gold Mutual Funds are open-ended investment products that invest in Gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of ETFs. You can invest in Gold Mutual Fund directly through online mode or through distributors. You must have a Demat account to invest in Gold ETFs. In gold mutual funds, the AMC invests its corpus in gold ETFs for returns. The same gold mutual fund investors get the facility to invest through SIP.

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