LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Personal Finance News

How to make the most of gold investment: Forget jewellery, put your money in these instruments

There are some of the best alternatives of gold jewellery that can reduce your overall investment cost and increase your returns from gold investment in the long term.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
How to make the most of gold investment: Forget jewellery, put your money in these instruments
There are some of the best alternatives of gold jewellery that can reduce your overall investment cost and increase your returns from gold investment in the long term.. PTI
Written By: Hardik Bansal
Updated: Sun, May 26, 2019
05:47 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Gold ETF: Make more money, know these top 5 investment tips to get maximum gains Gold ETF: Make more money, know these top 5 investment tips to get maximum gains
Investing in gold jewellery to earn maximum money? Wait! Read this first Investing in gold jewellery to earn maximum money? Wait! Read this first
Know what is Gold ETF, Debt ETF and more | Money-making made easy - Explained in easy steps Know what is Gold ETF, Debt ETF and more | Money-making made easy - Explained in easy steps
Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal
Dhanteras muhurat time for gold, silver buying here | Very auspicious occasion; know what market experts say Dhanteras muhurat time for gold, silver buying here | Very auspicious occasion; know what market experts say

Indians are fond of gold jewellery. It is very popular among Indian women and this is why India is one of the largest consumers of the yellow metal globally. However, for mere 10gm of gold, you may need to save a lot and it has been considered a luxury investment for years now. People also buy gold coins or bars but these options also become constraints sometimes. This is where alternatives to gold jewellery or coins comes in handy. You can save your making charges, storage costs, risk of theft, cost reduction, liquidity etc. 

Here are some of the best alternatives of gold jewellery that can reduce your overall investment cost and increase your returns from gold investment in the long term:

1. Gold ETF

ETFs are an exchange-traded fund and just like shares of several companies, they are listed on stock markets. Gold ETFs can be bought or sold via demat account or broker. There are a number of gold ETFs listed on the Indian stock exchanges. You can buy gold in units, where one unit stands for one gram of gold. It also has an annual expense of 1%. The gold purity in gold ETFs is 0.995% or more. Instead of accumulating gold for the long term, choosing gold ETFs is easier and the safest way as there is no question of purity, no making charges, no storage risks and no additional price reduction at the time of selling. The gold ETFs do not entertain SIPs.

2. Gold Mutual Funds

The gold mutual funds invest in gold mining companies and returns from such funds are dependent on the performance of these companies only. The investment demand for gold is borne out of the economic uncertainties as gold is considered to be a safe haven when equity markets are tumbling. Difference between demand and supply also govern the gold prices and the units of gold funds can be bought from the respective fund house without Demat Account. You can invest in gold funds by means of SIPs. 

3. Sovereign Gold Bond Scheme

Your gold investment will never fetch you a recurring return as you only gain an amount if you sell your gold at a higher price. However, the Government of India's Sovereign Gold Bonds Scheme can earn you an assured interest rate eliminating risk and cost of storage. It has lots of benefits over other gold investments like attractive interest with asset appreciation opportunity. Redemption is linked to gold price elimination of risk and cost of storage, exempt from the capital gain tax if held till maturity etc. 

4. Gold Saving Scheme

It is a scheme where one can deposit gold and earn a higher quantity of gold by the end of a year. Sometimes jewellers also give a monthly payment and also return your gold at the end of the term. The main objective of this scheme is to mobilise the gold, make it available from banks on loans, reduce the dependence on imported gold and conserve foreign exchange. Different jewellers have a different version of gold saving schemes. 

5. Digital gold

The new concept of digital gold lets you buy gold even in smaller denominations via digital platforms. Earlier, to invest in physical gold many people had to wait till they saved enough amount to make the minimum or desired purchase. With the advent of Digital Gold that is no longer the case as you can buy the precious metal in denominations as low as Rs 10. As compared to other asset classes, gold is considered to be the most liquid asset. Digital Gold gives you freedom from storage issues and long-term expensive costs and is a safe gold investment. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Gold ETFmutual fundsSovereign Gold Bond Scheme
RELATED NEWS
Gold ETF: Make more money, know these top 5 investment tips to get maximum gains Gold ETF: Make more money, know these top 5 investment tips to get maximum gains
Investing in gold jewellery to earn maximum money? Wait! Read this first Investing in gold jewellery to earn maximum money? Wait! Read this first
Know what is Gold ETF, Debt ETF and more | Money-making made easy - Explained in easy steps Know what is Gold ETF, Debt ETF and more | Money-making made easy - Explained in easy steps
Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal
Dhanteras muhurat time for gold, silver buying here | Very auspicious occasion; know what market experts say Dhanteras muhurat time for gold, silver buying here | Very auspicious occasion; know what market experts say

LATEST NEWS

TMC Candidates List 2021 - Names of 291 candidates announced for West Bengal Elections; See Complete List Here

Lemon Tree Hotels share price: Horwath report highlights of India's largest chain in mid-priced hotels sector and third largest overall

EaseMyTrip IPO: Public issue opening on Monday! Listing gain, important dates, price band to other details; all that you must know before bid

Exclusive: Are the infamous Gupta Brothers of South Africa secretly buying Jet Airways?

7th Pay Commission latest news today: Big Holi gift for Central government employees! Center issues this notification on 7th CPC leave rule

One of strongest earthquakes in history! Pacific quake sets off tsunami, threat lifts in New Zealand

PUBG Mobile India update: Important message from Krafton! India relaunch soon? Check here

ICICI Bank follows SBI, Kotak Mahindra Bank, HDFC Bank, cuts home loan interest rate

China sets modest GDP growth target as economy improves

SBI Gold Loan – Give a missed call and get loan; interest rate at 7.5 pct; no processing fee if applied through YONO

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved