Diversifying your investment portfolio is crucial, and gold is a valuable addition.
Historically, gold has been a reliable investment in India, offering both returns and security during tough times.
With current gold prices falling, now is an excellent opportunity to invest.
Here’s why you should consider adding gold to your portfolio and the benefits it offers.
Benefits of Investing in Gold
Financial expert Deepti Bhargava highlights that despite the recent drop in gold prices, gold remains a promising investment.
Its price history suggests potential for future gains, making it a good hedge against inflation.
By purchasing gold at lower prices now, you could benefit as prices rise in the future.
Additionally, physical gold has traditional significance and can be a valuable asset for various occasions.
Gold as a Safety Net
Gold can be a lifeline in emergencies. If you face a sudden financial need, gold can be sold or used as collateral for a loan.
Gold loans are secured and widely available from banks and other financial institutions. Physical gold is also portable, allowing you to carry it easily if needed.
Ways to Invest in Gold
Investing in gold has evolved, offering several methods beyond physical gold. Here are some popular options:
Sovereign Gold Bonds (SGBs): A government scheme with low risk, providing returns based on gold prices plus 2.5% annual interest. No GST is applied on SGB purchases.
Digital Gold: Buy and store gold digitally through a secure digital wallet. Digital gold appreciates in value over time, and you can sell it online as needed. Investment starts from as little as Rs 1.
Gold ETFs: Gold Exchange-Traded Funds (ETFs) are traded like shares and kept in a demat account. They offer a cost-effective way to invest in gold through the stock market.
Investing in gold now can be a smart move for future gains and financial security. Consider these options and choose the best fit for your investment strategy.
