First day of Navratri, Sarvath Siddhi and Amrit Siddhi Yoga: Investment in gold can give more profit, know 4 ways to invest in it.

First day of Navratri, Sarvath Siddhi and Amrit Siddhi Yoga: Investment in gold can give more profit, know 4 ways to invest in it.

Chaitra Navratri is starting from today (9 April). Ghatasthapana will be done today to worship the Goddess for nine days. On the first day of Navratri, there will be Sarvartha Siddhi and Amrit Siddhi Yoga. This Navratri is going to be auspicious for buying new things. In these nine days you can buy things needed for your home. These days, buying gold or investing in gold is also considered auspicious. In such a situation, if you are planning to buy gold or invest in it, then this could be the right time. If you also like to invest in gold, then apart from physical gold like jewelery or gold biscuits-coins, you can invest money in it in many other ways. In this, your money will also be completely safe and if you need money, you will be able to take a loan on it or sell it easily. Here we are telling you about 4 ways to invest in gold. Before this, know the price of gold today… 1. Gold Exchange-Traded Funds (Gold ETF) The facility of buying gold like shares is called Gold ETF. These are exchange-traded funds, which can be bought and sold on stock exchanges. Since the benchmark of a gold ETF is spot gold prices, you can buy it close to the actual price of gold. Demat account is necessary to invest in it: To buy gold ETF you have to open a demat account. In this, you can buy units of Gold ETF available on NSE or BSE and the equivalent amount will be deducted from the bank account linked to your Demat account. Click here for more information related to this 2. Invest in gold through payment app Now you can invest in digital gold from your smartphone itself. There is no need to spend a lot of money for this. You can buy gold at any price as per your convenience. Even of Re 1. This facility is available on platforms like Amazon Pay, Google Pay, Paytm, PhonePe and MobiKwik. 3. Sovereign Gold Bond is also a good option. Sovereign Gold Bond is a government bond, which is issued by the government from time to time. Its value is not in rupees or dollars, but in weight of gold. If the bond is of 1 gram of gold, the price of the bond will be the same as the price of 1 gram of gold. Sovereign Gold Bond offers a fixed interest of 2.50% every year on the issue price. Demat account is necessary for investing in this. It is easy to buy: To buy gold bonds, you have to open a demat account through a broker. In this, you can buy units of gold bonds available on NSE and the equivalent amount will be deducted from the bank account linked to your demat account. Investing can be done offline also. Click here for more information related to this 4. Physical Gold Investing in physical gold i.e. buying jewelery or gold biscuits-coins. Experts do not consider buying jewelery as the right way to invest in gold, because GST and making charges have to be paid on it. That is why you have to pay more money upfront. While making jewellery, you do not invest in 24 carat gold, because gold jewelery is not made of 24 carat purity. However, you can invest in gold biscuits or coins. Click here for more information More than 11% return has been received so far this year. There has been a great rise in the price of gold so far this year. On January 1, 2023, gold was at Rs 55,359 per 10 grams, which has now (October 31) reached Rs 61,238. That means, in just 10 months, gold has given a return of about 11%. This is more than the interest received on schemes like bank FD, PPF and RD. Apart from this, the stock market (Sensex) has also given a return of only about 4.50% so far this year (31 October), which is not even half of the return of gold. Anuj Gupta, Vice President of IIFL Securities, says that gold is getting support due to the ongoing fluctuations in the stock market. Due to this, gold can go up to Rs 62 thousand per 10 grams by Diwali. Apart from this, its price may continue to rise in future also. 6 digit hallmark code is available on gold

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