At present, people are giving more importance in gold investment. Gold has given returns of around 42% in the last year. Experts believe that interest rates will continue to work until global growth is reduced due to Corona, which is the best opportunity to invest in gold. 20-25% of the investment in gold must be invested,
How will the deal be profitable to invest in gold-
At present, people are giving more importance in gold investment. Gold has given returns of around 42% in the last year. Experts believe that interest rates will continue to work until global growth is reduced due to Corona, which is the best opportunity to invest in gold. 20-25% of the investment in gold must be invested, but you should always avoid buying physical gold to invest, because there is storage cost, fear of theft, risk of high transactions, so let us know how to do long. Investment in Gold for the period -
According to experts, it is best to invest in gold in paper gold. The two options for this are Gold ETF and Sovereign Gold Bond (SGB). SGBs are issued by the government at regular intervals at the current price of gold, for a fixed time period of eight years but it sold after five years can go. There is no tax on the investment if you keep SGB till maturity. In case of Gold ETF or Gold Fund Capital Gains after three years, there is a 20% tux after indexation.
Your only income in gold ETFs is the reduction in value over the price of gold. You get 2.5% interest annually in SGB. Which is received every 6 months. But this interest is according to income tax. Gold ETFs charge a levy of about 1% per annum, but there is no such charge in SGB, in the additional market, SGB can be sold by anyone but due to the low quantity in it, you do not get the price you want,The government has commissioned three installments of SGB this year and three more will be released in the coming 9 months. According to experts, gold ETF is the best option for anyone who wants to invest in regular (SIP).