Festive Season:The tradition of buying gold during festivals has been going on for centuries. Buying gold and other valuable items at this time is believed to bring good luck. For decades, Indians have been buying gold from jewelers during festivals. Nowadays, there are many ways to buy gold. Today we are telling you in what ways you can invest in gold in this festive season.
6 ways to invest in gold
- Sovereign Gold Bonds (SGB): Is issued by the government. Can buy from secondary market.
- Digital Gold: You can buy gold from ₹ 1 through apps like Paytm, PhonePe.
- Gold Coins: You can make purchases through banks, jewelers and online platforms. Every coin and bar is hallmarked as per BIS guidelines. Gold coins weighing between 0.5 to 50 grams are available in the market.
- Gold ETF: An open-ended mutual fund scheme that invests investors’ money in gold bullion of 99.5% purity. You can invest in it monthly.
- Gold Saving Plan: In recent years many jewelers have launched gold saving schemes. Gold or jewelery saving schemes allow you to deposit a fixed amount every month for a period of your choice. When the period ends, you can buy gold (from the same jeweler) for the total amount deposited plus the bonus.
- Gold Jewellery: You can buy jewelery made of gold from jewellers. While buying gold during festivals, definitely check the hallmark.
