Zee Media Bureau
New Delhi: Gold has always proved that it is the safest bet whether the economy is in reeling under recession or suffering the brunt of inflation.
At the current price of around Rs 30,000 per 10 grams in the bullion market, the demand for the yellow metal is unlikely to remain upbeat.
Here are the five best ways to invest in gold:
Buying physical gold: You can buy Jewellery from shops which sell hallmarked ornaments, gold coins or gold bars. Coins can be brought either from Jewellers or from banks.
Gold ETF: ETFs have come to be a very good way of investment for those who don’t want to keep physical gold for safety concerns. All you need to have is a demat account. Many gold ETFs are available in the maket where you can buy paper gold. It is the easiest and hassle-free method to maintain gold.
Trading through commodity exchange: You can buy gold through future trading from MCX, NCDEX, ICEX. Here too you will have to open a demat account. By paying a minimum brokerage fee, you can trade in gold futures.
Buying through e-Gold: e-Gold is also an electronic form of holding gold. It is slightly different from buying ETFs. Here you are directly the owner of the gold while in ETFs the holding company is the owner of the gold. The process is more or less similar to buying ETFs.
Equity based Gold funds: You can invest in mutual fund schemes which has its exposure in companies engaged in gold mining, processing, extraction and marketing. All you need to have is a demat account.