Gudi Padwa is celebrated as the Marathi New Year and on this day buying gold holds significance. Here are 5 ways to invest in gold on Gudi Padwa 2024.
This is an option that offers you 2.5% annual interest on your investment along with capital appreciation with time. SGBs are safe and offered by the regulators.
Sovereign gold bonds
This is a traditional method of purchasing gold. This can be in the form of jewellery or gold bars.
Physical gold
This is a safer investment option where you invest in mutual funds that invest in companies associated with gold mining, jewellery production, marketing, selling, etc.
Gold mutual funds
You can find Gold ETFs on the exchanges and can invest in them as per your needs. There is no lock-in here and you can liquidate your funds whenever you wish.
Gold ETFs
This is a digital version of investing gold where you can buy 24k gold and get returns and capital appreciation with time. One challenge here is that there are no certain regulations for this instrument.
Digital gold
Swipe up to Open Demat Account