What is the best way to purchase Gold

कृपया यहाँ हिंदी में यहाँ देखें 

GOLD

Gold can be purchased physically in the form of gold bars jewelry. However, there is huge cost associated in this form of buying gold. Also, there are safety and purity concerns.

Now a days, there are online forms (digital) of buying and keeping gold digitally. Some of them are:

  • Sovereign Gold Bond Scheme (SGB)
  • Gold ETF

SGB are the most cost effective out of these. We will discuss about SGB here.

Sovereign Gold Bond Scheme:

This is the best online way to invest in Gold with minimum expense and maximum returns.

What are benefits of SBGs:

  • GSB rates vary as per gold prices.
  • You get 2.5 – 2.75% annual return on amount held
  • Returns (price appreciation) are tax free if you hold SGBs till maturity
  • You can trade (Buy/Sell) SGB in your trading account though. If you sell SGB units before maturity, returns are taxable as per normal gold taxation.

How to purchase SGB:

  1. Every quarter, govt of India comes up with SGB schemes, you can apply in your trading account for SGB.
  2. The other better and cheaper way is to buy SGB like the way you buy Stock in your Demat account. Search for SGBs in your Angel’s watchlist and you will see SGB of different maturity dates.

For more info, please visit https://m.rbi.org.in/Scripts/FAQView.aspx?Id=109.

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