Three ways to invest in gold
Three ways to invest in gold: Gold has always been a coveted asset in India. Along with the financial value of gold, it also has a unique emotional and social value, which pertains to owning physical gold in the form of jewellery, coins or bars. However, for investment purposes one can invest in gold in different ways listed below: Physical gold One can invest in physical gold by purchasing gold coins or gold bars from jewellers, banks or online stores (issued by MMTC), NBFCs etc. Gold coins are usually of standard denomination like 5 and 10 gm, while bars are of 20 gm. These have a 24 karat purity and carry a hallmark of purity in compliance with BIS standards. This is a traditional approach to investing in gold. Investors usually buy gold on auspicious days of the year thereby collecting gold periodically over time. This link provides information about purchase of gold coins: https://www.indiangoldcoin.com/ Sovereign Gold Bonds (SGB) The government of India issues SGBs at...