From solid gold to digital gold, what are the options for investing in gold, know its advantages and disadvantages

Investors can invest through solid gold, ETFs, gold bonds or digital gold. Each of these has its own distinct advantages and disadvantages regarding investment.

Ways to invest in Gold

Apart from the fluctuating gold prices, the purchase of gold by Indians remains constant, there is always a custom in Indian families to add gold in the name of tradition to financial security. In view of the volatility in prices, market experts are now advising to invest in gold slowly and with different options. in India investing in gold There are several methods that can be used. Generally investing can be divided into three parts which include solid gold, paper gold and digital gold. Know what are the advantages and disadvantages of these options.

solid gold

Solid gold is the most common way of investing in gold, it includes jewellery, gold coins and bars. Customers can keep solid gold with them, use it and can gift it or cash it immediately as per their convenience. In this way you have gold with you, so common investors have a lot of confidence in this method of investment. However, they are not that attractive in terms of returns as the jeweler charges making charges on them which can be quite high, along with the fear of being stolen or lost. At the same time, questions also arise regarding the purity of gold. Along with this, cashing it is not an easy process. However, loan can be raised through it. If you want gold that is also an investment that you can use as jewelry on special occasions or can give as a gift in future, then you can invest in solid gold. In this method, you can go directly to the shop and buy its gold by paying full cash or you can join the gold saving scheme of the jeweler and buy the jewelry at the end of the scheme by paying a small amount.

paper gold

Paper gold is that method of investment in which you get gold only on paper, and the return is determined on the basis of the price of gold. That is, you do not get gold but you get all the benefits associated with investing in pure gold. This includes Gold Exchange Traded Funds and Sovereign Gold Bonds. This is a better option for investment than solid gold. If you do not need jewelry in the house or you want to add gold for your children or want to take advantage of the gold rush, then you can use this method. In this method, you avoid making changes and there is no tension of gold being lost or stolen. Through ETFs, you can take advantage of the rapid changes in gold prices, while with the help of Sovereign Gold Bonds, you can take advantage of a fixed interest along with the increase in the price of gold over a long period of time. On the other hand, if you look at their disadvantages, then you will not be able to use them like solid gold. On the other hand, in bonds, you have to keep the money for a certain time.

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digital gold

Digital Gold is a combination of Solid Gold and Paper Gold. Many online platforms and apps are offering an alternative to digital gold. Digital Gold is perfect for those who want to invest in Gold with as little as Rs 100. And want to buy and sell according to your own. In Digital Gold, you get the facility to buy and sell gold. At the same time, with reaching a certain quantity, there is also an option to get solid gold in the form of coins or bars.[DigitalgolddoesnothavetopaymakingchargeswhilethereisnofearofgoldbeingstolenorlostAtthesametimeyoucanbuygoldevenwithaverysmallamountHoweverindigitalgoldthecompanyleviessomeofitsownchargesduetowhichthesalepriceremains3to6percentlessthanthepurchasepriceatthesametimeThatisdigitalgoldisnotbetterthanpapergoldaccordingtoinvestmentOntheotherhandifyouconvertdigitalgoldintosolidgoldthecompanyalsochargesyousomefeehereThebigriskinbuyingdigitalgoldistrustBeforebuyingyouhavetoseehowmuchyoucantrustontheplatformyouarebuyingfrom[डिजिटलगोल्डमेंमेकिंगचार्जेसनहींदेनेपड़तेवहींइसमेंसोनेकेचोरीहोनेयाखोनेकाडरभीनहींहोतावहींआपबेहदछोटीरकमकेसाथभीगोल्डखऱीदसकतेहैंहालांकिडिजिटलगोल्डमेंकंपनीअपनेकुछचार्जलगातीहैजिससेबिक्रीकीकीमतउसीसमयकीखरीदकीमतसे3से6प्रतिशतकमरहतीहैयानिडिजिटलगोल्डनिवेशकेहिसाबपेपरगोल्डसेबेहतरनहींहोतावहींअगरआपनेडिजिटलगोल्डकोठोसगोल्डमेंबदलतेहैंकंपनीआपसेयहांकुछशुल्कभीवसूलकरतीहैडिजिटलगोल्डखरीदनेमेंबड़ाजोखिमभरोसेकाहैआपकोखरीदसेपहलेदेखनाहोगाकिआपजिसप्लेटफॉर्मसेखरीदकररहेहैंउसपरआपकितनाभरोसाकरसकतेहैं