Akshaya Tritiya 2023: How to buy digital gold?
Akshaya Tritiya 2023: How to buy digital gold?
Share:

Many Indians think that buying gold on the auspicious day of Akshaya Tritiya will bring them success and prosperity as Akshaya Tritiya approaches. Traditional gold buyers should be aware that there are other forms of gold available for purchase besides real gold. 

These days, buying gold is rather easy, especially if you plan to use it as an investment. The following four unorthodox techniques will be helpful to you in the future:

Digital Gold:  Digital gold is available in India from MMTC-PAMP, Augmont, and SafeGold. Besides, you can buy it from online retailers including brokerage firms, financial institutions, and mobile e-wallets. Digital gold is 100% pure, stored safely, and fully guaranteed, and the return on this investment is determined by the market price of physical gold.
You can Invest in 24K, 999.9 purity gold to protect against volatile markets. You can save money on storage costs by having your gold stored for 5 years by MMTC-free PAMP as opposed to a bank. To ensure you buy at the right time, keep an eye on gold prices in real-time.
Gold ETFs Gold ETFs are mutual funds that track the domestic price of actual gold. The fund management company purchases gold bullion with your money. Because gold ETFs are listed and traded on stock markets, investing in them is secure and governed by tight regulations. The minimum investment is one unit of the gold ETF, which is equal to the price of one gramme of genuine gold. Given their listing on the stock market, gold ETFs are quite liquid and easy to trade.

Mutual Fund for Gold:  Gold Mutual Funds, which do not invest directly in physical gold, use gold ETFs as a middleman. Due to the fact that the underlying asset is stored in the form of actual gold, changes in the price of gold have an immediate impact on its worth. This functions just like any other mutual fund.

Gold sovereign bonds: Since Sovereign Gold Bonds (SGB) don't require storage, they are less expensive and risky than genuine gold. The Reserve Bank of India (RBI) issued these securities on behalf of the government; their value is based on the weight of gold. 2.5% annual guaranteed interest rates are provided by SGB.

Commodity Outlook: Gold prices may test USD 2,020

Gold price surges Rs.480 to record high of `Rs. 61,780 per 10 gram

MCX Commodity: Gold ticks higher in run-up to US inflation data

Join NewsTrack Whatsapp group
Related News