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Going for Gold

A gold ETF is the best option if you’re looking to buy gold primarily for investment purposes…

Is it a good time to invest in gold coins instead of investing in gold ETFs?
- Vidhya Iyer

It is never a bad time to invest as long as you are aware of what your investments are for. Buying gold can be in the form of gold coins if you are looking at converting the metal into jewellery. However, if you are looking at investing in gold, the option of taking the gold ETF route is a more safe and convenient. Investing in gold ETF is like investing in paper gold that invests in physical gold with 99.5 per cent purity. You can buy the gold units from the stock exchange for which you need a demat account to buy and sell the units on the stock exchange. In recent times AMCs have come up with an option of investing in a gold fund of fund, which is a passively managed fund of fund that invests in the open-ended gold ETFs of the same fund house. This structure is convenient for those who do not have a demat account and want to start a systematic investment plan in gold. Depending on your convenience and investment needs; you can consider any of the options to invest in gold.

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