Gold Investment: From jewellery, coins, and bars to Gold ETFs—here are 6 ways you can invest in gold..

There's no shortage of craze for gold in our country. When it comes to gold investment, the first thing that comes to mind is jewelry. But did you know that there are many other ways to buy gold in the market besides jewelry? If not, let us tell you. In this article, we'll tell you about some traditional and new ways to buy gold, which can prove beneficial for you.

1. Jewelry
Jewelry is the easiest way to invest in gold. However, it has some disadvantages and some advantages. Talking about the advantages first, the advantage is that jewelry is not just an investment, but you can also use it. However, the disadvantage is that whenever you buy jewelry, you have to pay a making charge, which can be more than 10%. You'll also have to pay up to 3% GST. And if you have a lot of jewelry, you may even have to purchase a locker.

2. Physical Gold
Another way to invest in gold is through physical gold, which means you can buy gold coins or bars. There are no making charges and their purity is guaranteed. Each gold coin is hallmarked by the BIS. These coins are available at jewelers, banks, and e-commerce websites. However, the disadvantage is that you have to pay 3% GST, and if you buy a large number of coins, you will need to find a safe storage location.

3. Digital Gold
The third way to invest in gold is to buy gold online. This method allows you to purchase gold through online platforms. There are many payment apps available that allow you to purchase digital gold. The best part about this option is that you don't need a large sum of money to buy gold. You can buy gold with as little as 50 or 100 rupees. This means that the advantage of buying digital gold is that it can be bought and sold in small amounts. This also attracts a 3% GST. However, the advantage is that purity is guaranteed, there's no fear of theft, and there are no storage charges.

4. Sovereign Gold Bonds
The most modern way to invest in gold is through Sovereign Gold Bonds. Issued by the government, Sovereign Gold Bonds are a good option for investing in gold. They are guaranteed by the government, so there's no risk of losing money. You not only benefit from rising gold prices but also earn a fixed interest rate. The government periodically creates a window for the sale of new bonds. This happens approximately once or twice a year, and the subscription window is open for approximately a week. However, if you wish to invest in them, you can purchase previously issued Sovereign Gold Bonds from the secondary market.

5. Gold ETF
Those interested in the stock market can invest in gold through another method: Gold ETFs. Gold Exchange Traded Funds are open-ended mutual fund schemes that invest in gold bullion of 99.5 percent purity. This method allows you to buy gold and trade it like a stock. This means that these funds trade on the stock exchange, just like shares of a company. Investors can buy or sell Gold ETF units on the stock exchange at any time. The advantage of investing in gold through this method is that there is no fear of theft, unlike with physical gold.

6. Gold Savings Plan
Now, let's finally talk about a method that has been in use for quite some time: Gold Savings Plans. Many jewelers are offering Gold Savings Plans to customers. This method requires a fixed amount to be deposited every month, and many jewelry houses also offer attractive bonuses. By adding the bonus to the deposited amount, you can

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.