Gold jewelery is considered to be a safe investment beyond adornment, ornamentation and beauty. The habit of saving little by little every month and buying gold during festivals by paying a substantial amount has been around for a long time. So now apart from buying jewellery, you can also invest gold in digital form in various ways. If you want to invest in gold this festive season, you can choose from these four types of investments.
Digital gold as an alternative to jewellery
As Navratri and Diwali, the most important festivals of India, are lined up in succession, buying as much gold as they can in the form of gold jewelery and gold coins during this period has been a custom. Bonuses are available especially during Diwali; It is customary in many households to buy a certain amount of gold. If you don’t need to buy gold jewellery, you can buy and store gold digitally as an investment.
Here, find out about digital gold investment options that are very popular right now and will give you substantial returns.
Sawaran Gold Plate:
Sawaran Gold Bond is a gold investment that has attracted a lot of attention in the investment market recently. Savaran Gold Bond is an investment scheme offered by the Reserve Bank of India. Just like how we buy gold jewelery in villages, we can also invest in grams. It will be given to you as a bond in exchange for gold jewellery, coin or gold bars. Savaran Gold Bonds are issued with a minimum maturity of five years to a maximum of eight years. Also, it is considered a very safe investment. If the price of the gold you invest in is ₹5000 per gram, if you pay ₹5000 and buy a gold bond of ₹10,000 per gram after eight years, you will get ₹10,000 plus interest at 2.5 percent per annum.
It is only suitable as a long term investment plan.
Also Read: Do you know the benefits of investing in digital gold?
Gold Fund (Gold ETF)
Gold Exchange Traded Fund is an investment like buying and selling shares in our stock market. That means you can buy and sell gold just like you buy and sell company shares. The bond for the amount you buy gold for will be given to you electronically in your Demat account. Like day-trading you can buy and sell gold daily or you can buy gold and sell it when the price goes up and make a profit. For short term investment you can invest in gold fund.
Gold Mutual Fund
People who think that they can save a certain amount every month usually choose mutual funds called mutual funds. Anyone can invest and save in mutual funds without having a demat account. For gold investment, there are various mutual fund schemes.
Also Read: LIC Introduces New Policy in Pension Scheme – Full Details
Gold Fund of Funds
This gold investment is a combination of mutual fund investments. As the name suggests, gold is invested in various gold investment schemes. For example, from shares of a gold mining company to gold bars and coins.
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