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Topic : Money
Last Updated : 2020-06-03 11:39:01
Views : 88

Gold never fails to fascinate anyone, be it in the form of jewellery or a bar. India is the second-largest consumer of this yellow metal. This is not only metal, but it is also a symbol of one s wealth. People usually buy gold to make jewellery, to give in dowry, family weddings, and to contribute during other occasions. But if we look at the bigger picture, we will understand its true potentials.

During economic turmoil, the government secures its wealth in the form of the gold treasury. The global price of gold rises very high for this very reason. Investing in gold funds in India has saved us from many economic break downs. It is best for all to invest some amount of their hard-earned money in gold on a regular or monthly basis instead of waiting for the price to go down. Though buying gold won't give one any interest but its value increases with time. We can buy gold for making ornaments or for pure investment purposes. The gold supply of India depends on the market demand because the government holds more gold than any gold mines so with increasing demand the supply will increase.

There are various ways to invest money in gold. The most common one is buying jewellery. From a chain to earrings, golden jewellery is considered as the best investments because they can also be used on various occasions. Gold is used for making various ornaments which finds their places across various cultures. Gold is also used for plating other things. Gold plated utensils found a unique place among elite families.

Another way to invest in gold is by purchasing golden coins or bars. Banks sell these coins and bars. They also have special offers for festivals like Dhanteras, Akshaya Tritiya, and others. But this is an expensive investment. The investor has to pay a bank charge of eight percent and also have to book a locker to keep the gold safe. Apart from these, the main thing is, selling gold which is the toughest job.

Gold also holds an important place of investment in mutual funds. People who invest their money in mutual funds are knowledgeable about gold investment funds. There are various Gold Mutual Funds available in the market. If one opts for a scheme, the bank buys and holds gold on the investor s behalf.

Gold ETFs or Exchange Trade Fund is also a good option for Trading account holders. They track the exact price and discount on gold in the current market. People can buy gold from ETFs like they buy shares. Selling gold is also easy. E-Gold is another new gold investment option. It is very similar to stock exchanges. One can buy and trade the gold with a minimum maintenance cost.

It is necessary for all to have five to ten percent of their total investment in Gold. During economical turmoil, the cash one holds becomes less valuable but if they have invested in gold, they can rest assured that their investment won't go into vain. So with the rising price of gold, gold investment plans are considered as the best investment plan.

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Author : Sourodeep Goswami
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Sourodeep Goswami

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