Can be expensive in the next two months
Expert says that the price of gold may increase soon. Anuj Gupta, Vice President (Commodity and Currency), IIFL Securities, says that in the next two months, the price of gold can be expected to go up to Rs 48,000. At the same time, silver will be between Rs 70,000 to Rs 72,000 in two months. At the same time, another expert says that gold is expected to grow very fast and it will cross the level of Rs 45,500 and will reach Rs 48,000.
Returned 17% in last 1 yearLast year i.e. in March 2020, gold was Rs 38,800 per 10 grams which has now come down to 45,000. That is, gold has given a return of about 17% in the last 1 year. Talking about the last 5 years, gold has given 61% return. On March 2016, gold prices were close to Rs 28000 per 10 grams.
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1. Sovereign Gold Bond
There can be many options for investing in gold such as jewelry, gold coins, gold bullions, etc. But the best option among all of these is Sovereign Gold Bond. By investing in this government scheme, the risk is greatly reduced and you can get returns without worrying. Sovereign issues gold bonds to the Reserve Bank, so there is no problem about its purity. Investing in Sovereign Gold Fund is beneficial. In addition to the price of gold, it also gets a fixed return of 2.5 percent per annum.
2. Gold Exchange Traded Funds (Gold ETF)
The facility of buying gold like shares is called Gold ETF. It is a scheme of mutual funds. It is one of the cheapest investment options in gold. These are exchange traded funds that can be bought and sold on stock exchanges. Since the gold ETF’s benchmark is spot gold prices, you can buy it close to the actual price of gold. To buy Gold ETF, you must have a trading demat account. In this, gold is bought in the unit. On selling it, you get not an amount of gold but an amount equal to the market value of the time.
3. Gold Mutual Funds
It is easier to invest in gold mutual funds than gold ETFs. You can invest in gold mutual funds directly through online mode or its distributors. On the other hand, to invest in Gold ETF, you must have a Demat Account. In gold mutual funds, AMC invests its corpus in gold ETFs for returns. In addition, gold mutual funds allow investors to invest through SIP. Gold mutual funds are open-ended investment products that invest in gold exchange traded funds (Gold ETFs) and their net asset value (NAV) is tied to the performance of ETFs.
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4. You can also buy gold from the payment app
You can invest in digital gold right from your smartphone. There is no need to spend too much money for this. You can buy gold as much as you want for your convenience. This facility is available on platforms such as Amazon Pay, Google Pay, Paytm, PhonePe and Mobikwik.