Alternate Ways To Invest In Gold! 🤑🤑
👋🏼 Namaste! 👋🏼
Belated wishes to each of you cuties, deviyon aur sajnon, on Gudi Padwa, Ugadi & Navratri! I hope you had a lovely day with family and/or a much-needed day off from work :) Now quickly tell me:
Market ka haal: The global market turmoil kept at it this week and it genuinely doesn't seem like it'll settle soon, it could take a while. This has triggered further layoffs, the most dreaded phenomenon for the employed, and everyone's naturally been stressed about it.
The price of gold has been skyrocketing AGAIN! And, the reason is pretty simple: Every time there's an upheaval in the market people tend to rush to gold. It's safe. It's accessible. The world has always trusted it, ironically, since the golden era.
Spoiler alert: 3 optimal ways to invest in gold are in the end!!
What I was up to: This week was Gudi Padwa for me, so here's wishing you all a great, healthy, happy and prosperous new year ahead!
I shot a podcast with Ashdin Doctor about money habits, and it was super fun! We spoke about understanding finance and investing right, I had a lovely experience at the studio, and you can check out the podcast here.
Do you like what you’re reading?
If you’re already a subscriber, please share this with your friends and have them sign up for our exclusive newsletter and emailers!
Humara Gyaan: The middle-income group of India invests more in gold than the rich, accounting for about 56% of the annual gold intake of 800-850 tonnes.
Gold prices have now surpassed the Rs 60,000 per 10 grams mark and here are three ways to invest in gold:
Physical Gold: Every time we think of investing in gold we organically think of walking up to a store and buying jewellery, articles or coins. We don't think jewellery* is an actual investment in gold - check out our latest reel and the caption to know why!
Digital Gold is a virtual method of buying and investing in the precious metal without having to physically hold the gold. It can be bought online and is stored in insured vaults by the seller on behalf of the buyer. Investors can invest in Digital gold through mutual funds, Gold ETFs or Sovereign Gold Bonds
Gold Mutual Funds & ETFs: Gold ETFs or exchange-traded funds are like mutual funds that are listed and traded on exchanges just like shares. Gold ETFs have gold as their underlying asset: 1/2 gram of 24 ct gold comprises 1 unit of Gold ETF and can be traded at the ongoing market price of gold (in its physical forms).
Sovereign Gold Bonds: This one has to be our favourite among the three. SGBs are Digital tax-saving gold instruments offered by the Indian Government through the RBI and give a fixed 2.5% yield over and above the capital appreciation.
Niyati and I have spoken at length about this in our latest podcast episode, check it out!
That’s it for this week, take care and think about investing in Gold, and more importantly, about your taxes because I clearly see March 31st lurking.
Let’s talk soon!
Sayali ♥
Follow us if you don't already: Twitter | Instagram | LinkedIn | Facebook | YouTube