Investment in Gold: It is better to invest in other gold options than buying physical gold. Gold ETFs, gold bonds or digital gold are a better option than buying gold jewelry, coins or gold biscuits for investment purposes.
People are attached to gold with wealth as well as an emotional touch. People have always considered gold as the most safe and profitable investment medium.
If we talk about investment, then people have always been attracted towards Fixed Deposit (FD) in banks for safe investment. The returns from FDs are predetermined.
Apart from this, some people also invest money in the stock market.
If you want to buy gold for investment purpose then it is good to buy physical gold by investing in other gold options. Gold ETFs, gold bonds or digital gold are a better option than buying gold jewelry, coins or gold biscuits for investment purposes.
Invest in which scheme Gold Bond Digital Gold and Gold ETF best Investment Plan what is difference between Gold Bond Digital Gold and Gold ETF Gold Bond Digital Gold and Gold ETFs
what is difference between Gold Bond Digital Gold and Gold ETF
Gold Bond Investment Plan
The central government runs the scheme of Sovereign Gold Bond. Under this scheme of the government, common people can invest in gold. Through this scheme, the government tries to bring down the demand for the physical form of gold. At the same time, the big advantage of gold bonds is that the price of government gold bonds is less than the market price of gold. At the same time, buying it also gives tax exemption. The specialty of this scheme is that there is no possibility of any kind of fraud or inaccuracy in it.
Gold bonds mature after eight years. Rupees can be withdrawn after 8 years. Apart from this, there is an option to withdraw money from this scheme even after 5 years. Not only this, a loan can also be taken from the bank through this scheme. There is no GST to be paid on buying gold bonds.
Digital Gold Investment Plan
The digital market is on a boom right now. In terms of investment, digital gold is a better option. Digital gold is sold through many platforms on behalf of jewelers or dealers. At the same time, these include wallets like Amazon-pay, Paytm, Phone-pay and other investment platforms like Kuvera, Grow and stockbrokers. You can invest in digital gold whenever you want and you can also sell it whenever you want. You need internet and netbanking to buy digital gold.
Gold ETF Investment Plan
Gold ETFs are safer than gold jewelry kept at home. Being in electronic form, its accuracy can be fully assured. Long term capital gains tax is levied on it after three years. Can t get loan on this. It can be sold on the exchange at any time and the cost of keeping it is also very less.