Akshaya Tritiya 2022: The day of Akshaya Tritiya is considered auspicious for any new beginning from shopping to marriage. On this day people like to buy gold. If you are also thinking of investing in gold today, then we have brought some better options for you. ComeLet’s know how you can invest in gold this Akshaya Tritiya…
1. Physical gold
The most preferred way of holding gold is in the form of physical gold or jewelery or even gold coins. Most of the Indians prefer to buy gold by going to the jewelers.
2. Sovereign gold bonds
Sovereign Gold Bonds (SGBs) are a better option for investing in digital gold. With Gold Bonds one can enjoy wealth growth and also get interest every year. Sovereign Gold Bonds are issued by the Government of India and carry no risk at all.
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3. Gold ETFs
Gold Exchange Traded Funds (ETFs) invest in gold of 99.50 per cent purity. Gold ETFs are linked to the price of gold. Each unit of a Gold ETF is pegged to a fixed price of gold. A large number of people are also buying sovereign gold bonds and gold ETFs, which are available in paper form.
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4. Gold mutual funds
Gold Mutual Funds are commodity mutual funds that invest directly or indirectly in gold. Investors can invest in gold through Exchange Traded Funds (ETFs).