Gold investment tips: Just a week before Diwali, i.e. on the 4th and 5th of November, a rare combination of Pushya Nakshatra is taking place. Rare because there are 8 auspicious yogas on both days. On both these days, you will get renewable benefits from investing in gold or real estate. In such a situation, if you are planning to buy gold or invest in it, then this could be the right time.
Various ways to invest in gold this Diwali
If you also like to invest in gold, then apart from physical gold like jewelry or gold biscuit coins, you can invest money in it in many other ways. In this, your money will also be completely safe and if you need money, you will be able to take a loan on it or sell it easily.
1. Gold Exchange-Traded Funds (Gold ETFs)
Now you can invest in digital gold right from your smartphone. There is no need to spend a lot of money on this. You can buy gold at any price at your convenience. Even of Re 1. This facility is available on platforms like Amazon Pay, Google Pay, Paytm, PhonePe and MobiKwik.
A Demat account is necessary to invest in gold ETF
To buy gold ETF you have to open a demat account. In this, you can buy units of Gold ETF available on NSE or BSE and the equivalent amount will be deducted from the bank account linked to your Demat account. Click here for more information related to this
2. Invest in gold through a payment app
The facility of buying gold-like shares is called Gold ETF. These are exchange-traded funds, which can be bought and sold on stock exchanges. Since the benchmark of a gold ETF is spot gold prices, you can buy it close to the actual price of gold.
3. Sovereign Gold Bond (SGB)
Sovereign Gold Bond (SGB) is a government bond, which is issued by the government from time to time. Its value is not in rupees or dollars but in the weight of gold. Sovereign Gold Bond offers a fixed interest of 2.50% every year on the issue price. If the bond is of 1 gram of gold, the price of the bond will be the same as the price of 1 gram of gold.
How to buy gold bonds
Investing in physical gold means buying jewelry or gold biscuits-coins. Experts do not consider buying jewelry as the right way to invest in gold, because GST and making charges have to be paid on it. That is why you have to pay more money upfront. While making jewelry, you do not invest in 24-carat gold, because jewelry is not made of 24-carat purity gold.
4. Physical Gold
To buy gold bonds, you have to open a demat account through a broker. In this, you can buy units of gold bonds available on NSE and the equivalent amount will be deducted from the bank account linked to your demat account.
How much return did gold give this year?
So far this year, there has been a spectacular rise in the price of gold. On January 1, 2023, gold was at Rs 55,359 per 10 grams, which has now reached Rs 61,238. That means, in just 10 months, gold has given a return of about 11%. This is more than the interest received on schemes like bank FD, PPF and RD. Apart from this, the stock market (Sensex) has also given a return of only about 4.50% so far this year, which is not even half of the return of gold.