PC: tv9hindi
The festive season started, after Navratri, and Diwali is also near. Dhanteras, celebrated just before Diwali, is considered an auspicious day to buy gold. However, with gold prices continuously rising, crossing the Rs 60,000 per 10-gram mark, many people are considering buying gold. If you're planning to buy gold, whether as jewelry or as an investment, here are the options you can consider, both physical and digital.
Physical Gold vs Digital Gold: Which is a better option?
In India, traditional physical gold remains the preference of most individuals. This often happens because many people are not well-informed about digital gold options and their potential benefits. Today, there are digital gold options like Sovereign Gold Bond and Gold Exchange-Traded Fund (Gold ETF) to invest in gold. Notably, digital gold can guarantee security as well as offer higher returns than jewelry.
PC: Mint
Option for physical gold
If you prefer physical gold, you have several options that can provide significant benefits. Instead of buying heavy jewelry, you can choose gold coins, jewelry without diamonds or stones, biscuits, or gold bars. The advantage of these options is that you can exercise them when needed, and easily sell them when needed. Additionally, the making charges for these options are quite low, and they can potentially yield good returns when sold.
PC: MEC Mining
Gold price crosses Rs 60,000
On Wednesday, gold prices on MCX (Multi Commodity Exchange) reached above Rs 60,000. An increase of about Rs 560 per 10 grams was recorded in the price of gold. The rate reached Rs 60,259 per 10 grams. The festive season is underway in India and the demand for gold is increasing, which is contributing to rising prices.
If you are planning to invest in gold, it is important to consider both physical and digital gold options and choose the one that best suits your needs and objectives.
