If you do not need jewelery, then you can buy digital gold instead of physical gold. It is easy to invest in digital gold. One way to do this is the Gold Exchange Traded Fund or Gold ETF. What are gold ETFs, how to invest in them and learn more about their benefits.
Gold ETF is considered a good option to invest in gold. Gold ETFs are actually mutual funds. Gold rates are also up and down from gold ETF. Gold ETF investors are likely to get good returns over the long term.
The good thing is that gold is in ETF electronic form. In this, you do not have to worry about the purity of gold. Compared to physical gold, gold ETFs can be sold faster and at current rates.
A gold ETF unit is equal to 1 gram of gold. Gold ETF consists of 99.5% pure gold. Gold ETF prices are listed on the BSE/NSE website and can be purchased or sold anytime through a stock broker. Unlike gold jewelery, Gold ETF can be purchased and sold all over India at the same price.
You can buy gold ETF on BSE/NSE via broker using demat and trading accounts. Brokerage fees and nominal fund management fees apply when purchasing or selling gold ETFs.
