The price of gold has reached around Rs 54000 per ten grams. Investors feel that gold will go up further, so they have increased their investment in this precious metal. If you also want to invest in it, then today we are telling you about some selected investment options in it. Through these options, you can get good returns by investing in it.
The price of gold in the country has reached sky high today and it is being sold at the price of around Rs 54000 per ten grams. People's attraction towards it is not decreasing. Due to its increasing attractiveness, various options for investing in gold were introduced. The first option among these is to purchase gold jewellery, biscuits or gold bars etc. This can be called physically investing in gold. Apart from this, other options include digital gold, gold ETF, gold mutual fund and sovereign gold bonds also among the best investment options. Let us try to know about these investment options in detail.
Jewellery, Biscuits or Gold Bar
The first option to invest in gold is to invest in jewellery, biscuits, coins or gold bars. This option of investing in gold is traditional. Even today people consider it good to invest money in gold. It is a different matter that earlier people used to buy gold by paying lump sum but today due to inflation they buy gold in installments.
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Investing in digital gold
In recent years, a new option for investing in gold has emerged. Under this option, investors have been given the facility to invest in gold through the app. Under this, some private and public sector companies provide opportunity to invest in gold. Such companies include Paytm, Freecharge, Kuvera, Google Pay, Phone Pay, Stock Holding Corporation and National Spot Exchange. In this option, purchasing of gold can be started with even Rs 10. Under this option, you can buy gold whenever you want and sell it whenever you want. If you have invested in gold even for the quantity of one gram then you can also take delivery of it. Through the app, you can invest for five years or more. After this you can take delivery of gold or sell it. Most apps do not ask for KYC on investments up to Rs 50,000 in gold.
Gold etf
One option to invest in gold is Gold ETF i.e. Gold Exchange Traded Fund. Just as mutual funds take money from investors and invest it in the stock markets, similarly gold ETF companies take money from investors and invest it in companies related to gold business or its mining.
Gold mutual fund
We can also call Gold Mutual Fund as Fund of Funds. That means, whatever money we invest in gold mutual fund, our fund manager invests it in different gold ETFs.
Sovereign Gold Bond
These bonds are completely risk free and can also be traded on the exchange. Because it is a government bond, people have more confidence in it. Investment in sovereign bonds is not open all the time but is opened from time to time by the Reserve Bank.
Investment costs and returns
To know about the returns of these investment options, it is very important to know about their expenses or costs. If we invest in physical form of gold then we have to pay GST of around three percent. Apart from this, if we keep it in the locker then we have to pay locker charges. The situation is almost the same in digital gold also, in this also we have to pay three percent GST and apart from this, when we take delivery or sell it, we also have to pay some fee. Although there is no GST or any other charge in Gold ETF, half to one percent management fee has to be paid. Gold mutual fund proves to be quite expensive because mutual fund invests in gold ETF, hence you have to pay two types of fees, one of which is your fund manager's management fee, which is half to one percent whereas in gold ETF, The fee of half to one percent charged on investment is also collected from you by your fund manager, hence the investor has to pay about two percent fee. Apart from this, if you withdraw money before the prescribed limit, then some exit load may also be imposed which can be one to two percent. As far as Sovereign Bond is concerned, it can definitely be said that there is no fee of any kind in it. Now you can decide for yourself that the investment option which has the lowest cost will also have the highest return. Before investing in any gold option, you must check the history of its returns on the internet and only then consider investing in it.
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