What is the easiest way to invest in gold?

Question

If you are asking for the easiest way then it’s buying jewellery from your nearby jewelers but trust me it’s the worst way to invest in gold. You have to pay making charges and gst as well

Oropocket 3 years 2021-10-08T10:38:16+00:00 0 Answer 0

Answer ( 1 )

  1. Oropocket
    0
    2021-10-08T10:40:13+00:00
    Reply

    If you are asking for the easiest way then it’s buying jewellery from your nearby jewelers but trust me it’s the worst way to invest in gold. You have to pay making charges and gst as well How To Invest In Gold
    Second in line is buying gold coins from banks or jewelers but that is also not a optimised way to invest in gold since you have to pay some premium on the prevalent gold prices
    Investing thru mutual funds or buying gold etfs this is the better way to go for gold since you don’t have to pay any gst or premiums. Just accumulate and sell whenever you want.
    Gold future in commodity market certainly not an easy task for a retail investor so leave it.
    Digital gold via bank website or Paytm not a very good way since you get a little higher price but still better than gold jewellery or coin.
    Last but not the least which is the best investment for gold is buying sovereign gold bonds. Advantages are numerous first govt offer some discount on the current gold price in market secondly a 2.5 % assured return over and above the gold prices.
    Invest at your convenience thru any of the above method.

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