Three type of gold investment

 Hello everyone this is Pradeep and welcome to another blog of truelearner. In this blog, we will talk about three types of gold investment


As you know in India gold is precious mettle or you can say the safest investment according to Indian culture because when the stock market or other asset goes down but gold is a safer investment option in this situation and it is also useful in emergency


But in India mostly people know about physical gold. In India, gold quality and purity are known as (karat)

And it is a too costly and precious metal in India and that's why gold is also used to make jewelry 


In this blog, we also talk about two other types of gold for investment. Apart from we also do pro and cons, comparison, between physical gold, digital gold, SGB( Sovereign Gold Bond)


A) physical gold:- physical gold is available in physical form and you can use it as jewelry because this is a precious metal in India

Pro:-

  1. You can use it as jewelry for parties and other events

  2. Use full in every financial emergency

Cons:-

  1. 3% GST

  2. Polishing and making charges

  3. You have to find a storage area to store this gold


B)Digital Gold:- Digital gold available in digital form in your digital or Demat account such as groww, Paytm ,phone pe and so on


Pro:-

  1. You can buy and sell it online any time anywhere

  2. This is available in 24k gold

  3. This is digital gold so don't need to pay any making charges

  4. No security issues

  5. No minimum investment you can start with just 1 rs

  6. Physical gold delivery is available

Cons:-

  1. 3%gst on buying 

  2. 3 to 6%spread

  3. No indefinite holding:- you can't hold it for more than three years in your digital account

  4. Capital gain text

  5. Unregulated supplier SEBI or other government organizations are not regulated them



C) Sovereign Gold Bond(SGB):-SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of the Government of India.


Pro:-


  1. No making charges On SGB

  2. No 3% Gst On buying

  3. 50/- discount on every gram

  4. Text free profit


Cons:-


  1. 1 gram minimum investment

  2. 5 to 8 year lockin period 


We hope this blog helped you to increase your financial knowledge


To read our previous blog visit:- truelearner

 

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