Invest in paper gold for good returns
In the digital age, people are now moving towards paper gold instead of physical gold. Nowadays it is a smart way to invest.
Paper Gold Investment: Even today, the first choice of investment for most people is gold. It is not only a symbol of your prosperity but it is also very useful in emergency. That's why people generally keep buying gold jewellery, biscuits, bars etc. But nowadays there is a slight change in people's preferences. In the digital age, people are now moving towards paper gold instead of physical gold. Nowadays it is a smart way to invest, it provides the benefits of both security and liquidity. So today we give you all the information about paper gold.
Also read: 7 success mantras of Marwari businessmen, learn the tricks of money management: Marwadi Money Secrets
what is paper gold?
Paper gold is a non-physical form of gold, allowing investors to benefit from liquidity as well as take advantage of gold price fluctuations. There is no hassle of security like physical gold. Besides this, the returns in it are quite good. This includes gold exchange traded funds i.e. gold ETFs, sovereign gold bonds and gold mutual funds.
Ways to invest in paper gold: You can invest in paper gold in the following ways.
gold etf
You can invest in paper gold through gold ETF. For this, investment is made on BSE and NSE. It is cheaper and gives higher returns compared to physical gold. While in physical gold one has to pay selling charges along with making charges, this is not the case in gold ETFs. Complete transparency is maintained in its buying and selling. To buy this, you need a demat and trading account with a registered stockbroker.
Sovereign Gold Bond
To invest in paper gold, one can invest in Sovereign Gold Bond. Such bonds are issued by the government. However, the government does not always issue these bonds. The government issues these bonds at specific intervals when investments can be made in them. This investment is completely safe and gives good returns to the customer. In this, guaranteed returns are available on investment. Talking about interest, 2.5 percent interest is available annually on investment. This money is deposited in the bank accounts of investors every 6 months.
gold mutual fund
Gold mutual fund can also prove to be a good investment option. With the help of this mutual fund, you can also start a Systematic Investment Plan or SIP. With this you can invest in gold on regular basis. For this, the investor does not need to open a demat account to invest money. You can invest in funds like HDFC Gold Fund or SBI Gold Fund.
digital gold
If you want, you can now buy gold coins, bars or jewelery online. Digital gold is of 24 carat and the buyer can buy or sell it online whenever he wants.
So, this time you too try investing in paper gold for better returns.
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