Gold has crossed the level of Rs 74,000 per 10 grams and reached all time high. According to IBJA, so far this year the price of gold has increased by Rs 10,870. On January 1, gold was at Rs 63,352, which has now reached Rs 74,222 per 10 grams. According to experts, it may see a rise in the coming days and it may go up to 85 thousand by the end of this year. If you are also planning to invest in gold, then investing in Gold Exchange Traded Funds i.e. Gold ETFs can be a good option. It has given returns of up to 25% in the last 1 year. In such a situation, here we are telling you about Gold ETFs… ETFs are based on the rising and falling prices of gold. Exchange traded funds are based on the rising and falling prices of gold. One gold ETF unit means 1 gram of gold. That too completely pure. Gold ETFs can be bought and sold on BSE and NSE like shares. However, you do not get gold in this. Whenever you want to exit from it, you will get money equal to the price of gold at that time. 5 benefits of investing in gold ETF These ETFs gave good returns Source: Grow, 21 May 2024 How can you invest in it? To buy gold ETF, you have to open a demat account through your broker. In this, you can buy units of Gold ETF available on NSE and the equivalent amount will be deducted from the bank account linked to your Demat account. Gold ETFs are deposited into your account two days after the order is placed in your demat account. Gold ETF is sold through trading account only. Limited investment in gold is beneficial: According to experts, even if you like investing in gold, you should still make limited investment in it. Only 10 to 15% of the total portfolio should be invested in gold. Investing in gold can provide stability to your portfolio during a crisis, but in the long run it can reduce your portfolio returns.
