Top 5 Smart Ways to Invest in Gold Without Buying Jewelry

Top 5 Smart Ways to Invest in Gold: Gold has been known as a refuge asset during uncertain economic periods. Of course, buying jewelry is the most traditional way of owning gold; however, it is not really the most profitable and secure. Fortunately, now there are ways to invest in gold that are practical yet highly efficient and profitable without introducing the risks related to wear-and-tear or making charges.

1. Gold Exchange Traded Funds (ETFs)

Gold ETFs are the easiest avenues of investment in gold without actually owning gold. These are traded on stock exchanges and are backed by physical gold. Investors can buy and sell their units just like stocks. This is for those who want both consistence and liquidity.

2. Sovereign Gold Bonds (SGBs)

The best way to invest gold is through Sovereign Gold Bonds issued by Reserve Bank of India with several benefits. Not only does it refer to the price of gold but also provides an annual interest at the function of 2.5%. No capital gains tax occurs on it when a person holds till maturity.

3. Digital Gold

Digital gold allows an investor to buy and sell gold through various platforms like Paytm or PhonePe or by Google Pay. The gold is stored in insured vaults and can be redeemed for physical gold at any time or can be sold based on the convenience of the person. Easy to access, good portfolios for micro investing; it is everything an investor wants.

Also Read: Gold Loan vs Home Loan: Which is Better?

4. Gold Mutual Funds

Gold mutual funds invested in gold mining companies or changing their investments on gold ETFs. It would seem slightly more susceptible to risk than pure gold investments because of exposure to the markets, but longer periods of investment should yield higher returns. It’s a good option for investors looking for diversification in their portfolios.

5. Gold Futures and Options

Trading in gold futures and options through commodity exchanges like MCX can reward pretty experienced investors. However, they need market trend understanding and are risky due to price fluctuations.