Sovereign Gold Bond: The Sovereign Gold Bond (SGB) scheme being run by the government is now closed and now you will not be able to invest in it. The SGB issued by the Reserve Bank of India (RBI) was a great investment tool for investors. People investing in SGB were given digital units. 1 unit of SGB is equal to 1 gram of gold with 24 carats. There were 2 benefits of investing in it. By investing under SGB, you used to get value according to the price of gold at the time of maturity. Along with this, you also received an annual interest of 2.5 percent on the amount invested.
The SGB is closed, but if you like to invest in gold then you still have many options available. Here we will tell you about different investment tools to invest in gold.
Physical gold
It is easiest to invest in gold through physical gold. If you like to invest in gold, then you can also invest in gold coin, gold bricks or jewelery. But if you want to buy gold only and only for the purpose of investment, then gold bricks or gold coin are the best options.
Gold ETF
Gold ETFs (Exchange Traded Funds) are funds that especially invest in gold. Gold ETFs can be purchased and sold on the exchange. Gold ETFs are completely based on gold prices. That is, if the price of gold will increase or decreases, then there will be ups and downs in its price. The purchase of gold ETFs is charged 0.5 percent or less brokerage charge. A unit of gold ETF is equal to 1 gram of gold.
Gold mutual fund
Indian investors also have the option to invest in gold mutual funds. Gold mutual funds are an open-ended funds that invest into Gold ETFs. Like the rest of the mutual schemes, gold mutual funds are also Nav. On the basis of NAV, investors are given a unit of gold mutual funds.
Latest business news