If your heart is set on buying gold, here's how you can do it best!
21-Apr-2023 •Research Desk
We love our gold, more so on auspicious occasions like Akshay Tritiya and Diwali.
While, at Value Research, we do not advise you to invest in gold because it doesn't grow your wealth in the long run, we tell you which is the best way to buy gold.
Let's first look at the pros and cons of holding physical gold.
1. Physical gold
There are more disadvantages than advantages.
2. Gold funds and exchange traded funds (ETFs)
The good news is you don't have to run the risk of holding physical gold. You can even plan an SIP.
However, they have significant downsides.
3. Sovereign Gold Bonds (SGBs)
At Value Research, we recommend SGBs as the best option to buy gold.
SGBs, issued by the RBI, are a safe, reliable alternative to holding physical gold.
On Akshay Tritiya, you can purchase SGBs from the Stock Exchange.
Advantages
The last word
When you think of buying gold, think of getting Sovereign Gold Bonds (SGBs).
Are gold's golden years coming?
The three positive investment trends of 2022-23
Can I get physical gold in exchange for SGBs?
The gold glow may fade in the long run
Why is there a loss on my gold bond investment?
What happens to my sovereign gold bonds at maturity?
