• Source:JND

Gold Investment Tips:  Investment in gold has been a tradition in India. Over the period, many new ways have evolved to invest in the yellow metal. As a lot of options are available to invest in gold, you need to be aware of the options and precautions around it.

Sovereign Gold Bond

According to RBI, an investor can buy up to 4 kg in multiples of around 1 gram. The investment matures in 8 years. Investors get the option to exit after the completion of 3 years.

Sovereign Gold Bond can be purchased physically through agents or receiving officers. However, applications for the same should be submitted in the branches during regular business hours on Membership Week as specified by the Reserve Bank of India (RBI) and the Government.

Also read: Indian Edtech Byju's US Unit Files For Bankruptcy In Delaware

physical gold

This is the most traditional way of investing in gold in the country. Around every household in the country has gold in the form of jewellery. Many high-net-worth individuals buy gold in the form of bars as well.

If you like to stick with investing in jewellery instead of bonds then Keep in mind that along with the price of gold, making charges also have to be paid. In such a situation, you should buy it in the form of coins or biscuits along with jewellery.

Also read: Budget 2024: Rooftop Solar Power Generation To Housing Schemes; Key Announcements For Middle Class

Also In News