On Akshaya Tritiya, which is a good time for Hindus to buy gold because it is the third day of spring, Indian investors want to make the most of the day and buy the precious metal. Before investing in you should check out the gold rate today in ap.
Investors don’t have to buy gold in the form of coins or bars, though. Market experts say that investors can put their money in the yellow metal in a number of ways, depending on how much they want to invest and for how long.
How Will Gold Investment Lead to a Secure Future?
Analysts say that buying digital gold instead of real gold is a better idea. They also said that an investor has several choices based on how long they want to keep their money invested and how much risk they are willing to take.
Sugandha Sachdeva, VP-Commodity and Currency Research at Religare Broking, said that if you only want to invest in gold, it would be better to do so digitally or on paper.
“They keep you from having to worry about the purity of your gold, find a safe place to store it, and pay high fees to make it,” she said.
Experts in the stock market say that sovereign gold bonds (SGBs) are one of the best ways to invest in gold digitally if the investor has a long-term view. Kapoor said that they offer the added benefit of an interest income of 2.5% per year and no tax on capital gains if they are held until maturity with no counterparty risk.
What is Gold Exchange Traded Funds?
Gold exchange-traded funds (ETFs) are another good choice for people who want to invest large amounts or trade often because they are easy to buy and sell and don’t have a set term. But if you want to trade in gold ETFs, you need a Demat account.
Investors can also invest in gold through mutual funds and start their allocations through systematic investment plans (SIP) to take advantage of rupee cost averaging through the SIP route.
Prithviraj Kothari, MD and CEO of Riddhi Siddhi Bullions, said that investors should choose the form of gold based on how long they plan to hold it. He was talking about how Indian investors love the yellow metal.
“If you want to invest in gold for a long time, say 10 to 15 years, the best way to do so is to buy gold bars and coins,” Kothari said. “SGBs are a good investment if the time frame for the investment is between 5 and 8 years.”
For the medium term, investors with a time horizon of up to three years should choose digital gold. For the short term, investors can bet on gold ETFs. “He told investors to only get into the F&O part of bullion if they had a very short-term view, like “up.” Before investing in the gold don’t forget to check out the gold rate in Kerala today 1gm.