There are several avenues to invest in gold in India, including:
- Physical Gold: Physical gold can be purchased in the form of gold bars, coins, or jewelry. It can be stored at home or in a secure storage facility, such as a bank locker.
- Gold ETFs: Gold exchange-traded funds (ETFs) are investment vehicles that track the price of gold and can be bought and sold like individual stocks. Gold ETFs provide a convenient and low-cost way to invest in gold without the need to hold physical gold.
- Gold Mutual Funds: Gold mutual funds are investment vehicles that invest in a diversified portfolio of gold-related securities, such as gold mining companies or gold ETFs. Gold mutual funds provide professional management and diversification, but may have higher expense ratios compared to other types of gold investments.
- Gold Savings Plans: Some banks and financial institutions offer gold savings plans that allow investors to accumulate gold over time through a systematic investment plan. These plans provide the convenience of small monthly investments and the potential for long-term growth.
- Gold Monetization Scheme: The Gold Monetization Scheme is a government-backed scheme that allows individuals and institutions to deposit their physical gold with banks and earn interest on their deposits. The scheme aims to reduce the demand for physical gold and increase the supply of gold in the country.
- Gold Bonds : old Bonds are government securities issued by the Reserve Bank of India (RBI) on behalf of the Government of India. They are denominated in Indian Rupees and are backed by the government’s guarantee. The main aim of the Gold Bonds scheme is to reduce the demand for physical gold in the country and to encourage people to invest in gold in a more convenient and secure way.