Why to invest in gold? Know here

• Follow

The gold market in India has always been in trend. The attractiveness of this investment has increased even more since the launch of the Sovereign Gold Bond (SGB) scheme of RBI. Along with the speed of gold in gold bonds, 2.5 percent interest is also available annually. Not only this but now you can start investing in digital gold even from Re 1. If you also want to invest in gold, first of all, know why it is important and what are its benefits-

Why invest in gold? 1. High Liquidity The biggest reason for investing in gold is that it is an investment that can be easily converted into cash in any situation when needed. It is in trend in every corner of the country. 2. Inflation hedge Gold is one such asset that is less volatile. It can be converted into cash very easily. Investing in it protects against inflation. That’s why you can choose the option of investing in gold. 3. Highest holding after cash After currency, holding of gold is the highest. Since gold is a safe investment, storing it can be beneficial. If you want to invest in gold, then know that there are many ways of investing in it. Such as buying physical gold (SGB), gold mining stocks, gold ETFs or unit trusts, gold-backed currency investments, etc.

Keep these things in mind before investing >> If you want to invest in gold, then know that the price of gold stocks and mutual funds may be different from real gold. Actually, the price of gold depends on the demand and supply of the commodity, the economic condition of the country, etc. >> Before investing in gold stock, understand that company or scheme well. >> If you are investing in real gold, then pay special attention to its security. >> Before investing in real gold, make sure to check its purity. >> To invest in real gold, first fix the arrangement for its maintenance.