Gold ETF Investment: Do you also want to invest in gold, there has been a big fall in gold prices, golden chance to invest…
Gold ETF Investment: Gold has fallen from its all-time high of Rs 79,681 per 10 grams to Rs 75,650 per 10 grams. That means its price has decreased by Rs 4,031. Ajay Kedia, Director of Kedia Advisory, says that after the big rise, a fall in gold was expected and it has also arrived.
After America, Britain has also cut interest rates. This will increase purchases of gold ETFs. In such a situation, by June 30 next year, gold can reach Rs 85 thousand per piece. According to Mahendra Lunia, Chairman of Vighnaharta Gold, the price of gold can reach Rs 1.68 lakh per 10 grams by 2030.
If you are also planning to invest in gold, then investing in Gold Exchange Traded Fund i.e. Gold ETF can be a good option. It has given returns of up to 19% in the last 1 year. In such a situation, we are telling you about Gold ETF…
ETFs are based on the falling and rising prices of gold. Exchange traded funds are based on the falling and rising prices of gold. One gold ETF unit means 1 gram of gold. That too completely pure.
Gold ETFs can be bought and sold on BSE and NSE just like shares. However, you do not get gold in this. When you want to withdraw money from it, you will get money equal to the price of gold at that time.
How can you invest in it?
To buy gold ETF, you have to open a demat account through your broker. In this, you can buy units of Gold ETF available on NSE and the equivalent amount will be deducted from the bank account linked to your Demat account.
Gold ETFs are credited to your demat account two days after placing the order. Gold ETF (Gold ETF Investment Benefits) is sold through trading account only.
Gold ETF Investment: Limited investment in gold is beneficial
According to experts, even if you like to invest in gold, you should invest in it only in limited quantity. Only 10 to 15% of the total portfolio should be invested in gold.
Investing in gold can provide stability to your portfolio during times of crisis, but in the long run it can reduce your portfolio returns.
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