New Delhi. Gold has emerged as a safe option for investors across the world. People want to invest in gold in every way, if you are thinking of investing in gold then this is a good opportunity for you. Let us tell you what are the 3 best options to buy or invest in gold during this crisis of Corona virus pandemic.
Why should you invest in gold?
Gold has all the qualities that a traditional investor looks for in an asset class. Investment on gold has always been successful in defeating inflation. In other life, emergency can come at any time. Therefore, it is important to be financially prepared for such emergencies. You can trust your gold investment in this case because it becomes liquid (get money by selling) quickly in the market.
Know about three methods…
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1. Buying physical gold
One option to buy physical gold is from your neighborhood jeweler whom you trust. Before buying gold jewellery, check its purity properly. Hallmarking is the easiest way to check purity. BIS is a certification and hallmarking organization for gold jewellery. If you get gold jewelery made then it is charged between 6% to 14%. Some jewelers charge fixed making charges for this.
2. Investing in Gold ETFs
You can also invest in Gold ETF. Gold ETF is an investment that can be used to achieve both short and long term financial goals. ETFs that invest in gold do not involve risk and do not require storage.
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3. Investing in gold bars
Gold Bar: If you buy gold bar from a renowned refinery, its purity will be highest. But you must know about the refinement of the bar at the time of purchase. MMTC PAMP and Bangalore Refinery are two gold refineries in India. In the case of 24 carat gold, the 24 pieces are completely pure. 24 carat gold is the purest gold, because it is 100% gold and it is good for investment. Before buying a gold bar, check BIS hallmark on it.
Tags: Gold Prices Today, Gold Rate, Investment and return, Investment scheme
FIRST PUBLISHED : April 7, 2021, 10:32 IST