Gold Investment on Akshay Tritiya 2021: Akshaya Tritiya is special for those who like gold. Buying gold on Akshaya Tritiya is considered auspicious. Many people buy gold for auspicious and keep it at home, so now many people also invest money in gold for investment on Akshya Tritiya. The tradition of buying physical gold is old in the country, but this year, due to the corona virus epidemic on Akshya Tritiya, many cities have lockdown-like restrictions, due to which the jewelery shops are also closed. At the same time, buying gold by going to the market is not safe from the point of view of epidemic. In this case, you can change the way to buy gold this time. Investors have some options to invest in gold sitting at home, which is safer and gives better returns than physical gold. At the same time, through GooglePay or Paytm, you can also invest 1 rupee in gold.
Gold ETF: A Better Option
Gold Exchange Traded Funds (ETFs) have become the choice of investors as a safe investment in the last few months. In the era of coronavirus epidemic, investors have given more preference to gold ETFs. According to data from the Association of Mutual Funds in India (Amfi), investors are constantly investing money in gold exchange traded funds. The performance of Gold ETFs has been better this year. In such a situation, this Akshaya Tritiya Gold ETF can be a better option.
Advantages: Gold ETF is an open-ended mutual fund, which is based on falling gold prices. ETFs are very cost-effective. A gold ETF unit means 1 gram of gold. That too completely pure. Gold ETFs can be bought and sold on the same lines as BSE and NSE. In this, purchasing charge is less than physical gold and there is no hassle of maintenance. There is a guarantee of 100 percent purity in it. It has the facility of investment through SIP. Gold ETFs can be purchased online through a demat account.
SGB: Sovereign Gold Bonds
This is another way of investing in paper gold. The government issues SGB (Sovereign Gold Bonds), which are available to buy every few months over a fixed period of time. SGB is tax-free upon redemption. SGBs have a maturity period, so they are considered good for long-term investment. Under this scheme you can buy at least 1 gram of gold.
Advantages: You can buy gold bonds online. Apart from this, it is also sold through banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE.
The biggest advantage of buying gold bonds is that it keeps adding interest rate at 2.5% per annum. Gold bond maturity is tax free. It is also a better option for HNIs, where it does not have to pay capital gains tax to hold till maturity. Gold bonds are supported by the Indian government, so there is no risk of default.
Buy gold here for 1 rupee
If you use GooglePay, Paytm or are the customers of HDFC Bank Securities, Motilal Oswal, then you can buy 999.9 pure certified gold for just 1 rupee digitally. MMTC-PAMP has agreements with these platforms. Whenever you buy gold from any company Paytm, PhonePe or Stock holding corp, that gold is kept in the safety vaults of these MMTC-PAMP. As far as purity is concerned, MMTC-PAMP gold is 99.9 percent pure, ie 24 carat pure gold.
Invest in Future Gold
In Future Gold, the price of gold is actually estimated and profited by price volatility. If gold moves in the expected direction, then one can earn money very quickly in the futures market. But if this is not done then the person can also lose money in a very short time.
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