Top 7 Ways to Invest in Gold in 2021

Looking at the gold price today, investment in it is quite affordable and also is a smart decision. People usually put their money in gold, as it has been a conventional mode of trade for times and has constantly proved its steadiness and value. For Diwali and marriage gifting, and on many such auspicious occasions, gold is considered to be the most propitious present for your loved ones.

Although, gold is much expensive than silver, because its value is quite high, which might put all of us in the second opinion to invest in the metal? To put it across, its value might be higher than silver, but its consistent worth makes it a wise choice to invest in, apart from silver. As per the experts, there are a number of ins and outs, which can help you decide and encourage further investment in gold in India.

The reasons why gold investments have seen rapid growth since the last decade is because of higher returns in comparison to silver. You can choose if you want to purchase it, in the form of gold coins and bars, utensils or in a piece of jewelry. You need to check the gold rate prevailing in the city where you want to purchase it from.  If you are in Bangalore you would need to check out the Gold price in Bangalore; do some market research and make an informed decision -

  1. Market Scenario - From an investor’s perspective, when the stock market is at its peak, then it might not be the right time to invest in gold. And if the market is all time low or uncertain, then it can be seen as an alternative investment.
  2. Buy it From a Reliable Source - Most importantly, buy gold from reliable jewelers or sellers to ensure that the grade and quality of gold are good. Gold bars should be from a well-known refinery to ensure the highest level of purity. MMTC-PAMP and Bangalore Refinery are two such refineries in India.
  3. Try to Invest In Gold Bars - Gold bars are a cheaper option than gold coins. If you want to make the most effective purchase of gold, make sure it is 22, 24 karat gold. For own consumption, you can buy 22 karat gold and from investment purpose, you can invest in 24karat gold. After checking the gold rate in Bangalore today, you can choose from a number of shapes, sizes, and weights. And if you are in another state you can check the current gold rate in that city.
  4. Make an Informed Decision - Do proper research before you start investing in gold. Because that is hardly done. People usually don’t do proper research and end up buying a lower value gold commodity. The right way to put your money in any metal is by doing some ground research, even if it is in a high-value metal like gold or a cheaper metal like silver.
  5. Sovereign Gold Bonds - The Government of India has started issuing Sovereign Gold Bonds in consultation with the Reserve Bank of India. Every month from the month of June to September 2021, these bonds will be issued.
    You can subscribe to the second series of the Sovereign Gold Bond Scheme 2020-20 is from 8 to 12th July 2020. It is currently priced at INR 3,443 per gram and the Settlement Date is 16th July 2020.
    For online investors, there is an additional discount of Rs. 50 per gram. Therefore for online investors, the bonds will be issued at INR 3,393 per gram of gold.
  6. Follow a Systematic Investment Approach - Be sure about where you will store it, as the value of gold is comparatively higher than silver, therefore it will be lesser in quantity. Ensure that you have a place in your home to keep it safe. Amid demonetization and comprehensive tax policies, it is one important aspect of stocking up your wealth. And in case of metals like silver and gold, you can invest up to Rs.2 lakh as per current government norms
  7. Be Careful of the Value of Gold - Be careful with the minutiae of gold investment, do your necessary homework, check the silver price for today on authenticated sites or with reliable sellers and then finally decide on to buy it, in whatever form suitable to you.

In a Nutshell

The main benefit of turning your green money into gold is that it is profitable, simple and fun. And it makes a great gifting choice in future, especially for your children’s wedding. You need to understand the value of gold and find the right buyer to make the end purchase. Long story short, gold investment should be as systematic, as its gold counterpart. Instead of buying it in bulk, it would be wise to put in a part of your savings into it, to avoid the dodging price value of the metal.


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