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- Gold Price; Investment In Gold; Gold Gives 17% Return In Last 1 Year, Gold Can Reach 52 Thousand Again
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New DelhiOne hour ago
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The price of gold has started rising once again. Gold again is 45 thousand rupees. Per 10 grams. Experts believe that the demand for gold has started increasing due to the second wave of Corona and the commencement of the wedding season. Due to this, gold can once again reach 52 thousand rupees by the end of this year.
Gold is a better option for long term investment
You can invest in gold for a long time. It has always been seen that long-term investment in gold is always beneficial. According to research by Oxford Economics, gold performs well in the period of deflation. Deflation is the time when interest rates are low and growth rates are also low. As it is now. SBI, the country’s largest bank, is currently paying a maximum interest of 5.4% per annum on fixed deposits. Apart from this, the country’s GDP growth rate was recorded at 0.4% in the third quarter of the current financial year 2020-21.
Is it right to invest in gold now?
Anuj Gupta, Voice President (Commodity and Currency) of IIFL Securities says Due to corona, gold has reached 56 thousand in August 2020 and now once again the second wave of corona has come in the country and the world. Apart from this, now the wedding season has started, due to this, gold is also showing an edge.
Apart from this, there is also Akshaya Tritiya in the month of May, the demand for gold will also increase and the price of gold may increase. According to Anuj Gupta, due to this, the price of gold can once again reach 52 thousand rupees. In such a situation, if an investor wants to invest in gold, then this may be the right time.
Prepare now to buy gold in daughter’s wedding
If you want to marry your daughter even after 10 to 15 years, then you can start investing in gold for her from today. Because maybe after 10 to 15 years, gold becomes very expensive and then you may have problems in buying it. In such a situation, you can start investing in digital gold from today. You can start it with just 500 rupees. You can buy gold for your daughter by withdrawing money from it whenever you want. You can invest in Gold in these 4 ways …
1. Gold Exchange-Traded Funds (Gold ETF)
The facility of buying gold like shares is called Gold ETF. These are exchange-traded funds that can be bought and sold on stock exchanges. Since the gold ETF’s benchmark is spot gold prices, you can buy it close to the actual price of gold. To buy Gold ETF you must have a trading demat account. In this, gold is bought in the unit. On selling it, you get not an amount of gold but an amount equal to the market value of the time.
It is one of the cheapest investment options in gold. They can be bought and sold in the cash market of the National Stock Exchange like shares. One unit of gold ETF is equal to one gram of gold. But there is no upper limit in Gold ETFs. There is no lock in period in Gold ETFs.
2. Sovereign Gold Bond
There can be many options for investing in gold. For example – jewelry, gold coins, gold bullions, etc. But the best option among all of these is Sovereign Gold Bond. Investment in this government scheme reduces the risk and you can get returns without worrying. Sovereign issues gold bonds to the Reserve Bank, so there is no problem about its purity.
You get 2.50% interest annually on gold bonds. When the gold bond matures, you can sell the price of gold in the market at that time. Its specialty is that it does not have to worry about its storage like physical gold.
3. Gold Mutual Fund
Gold mutual funds are a type of gold ETF. This is a scheme through which investment is mainly made in gold ETFs. Gold mutual funds do not plan to invest directly in physical gold. However take the same position indirectly. Gold mutual fund is an open-ended investment product that invests in gold exchange traded funds (Gold ETFs) and its net asset value (NAV) is tied to the performance of ETFs.
You can start investing in gold mutual funds with a monthly SIP of less than Rs 500. A demat account is not required to invest in it. You can start investing in it through any mutual fund house.
4. You can also buy gold from the payment app
Now you can invest in digital gold right from your smartphone. There is no need to spend too much money for this. You can buy gold as much as you want for your convenience. Even 1 rupee. This feature is available on platforms like Amazon-Pay, Google Pay, Paytm, PhonePe and Mobikwik.
There are many benefits to buying digital gold. You can start investing from 1 rupee as well. Through this, you invest in pure gold. Jewelery making does not cost. This also saves money. It does not have to bother to be protected like physical gold.
Gold gives 17% return in last 1 year
Last year i.e. in March 2020, at this time gold was Rs 38,800 per 10 grams which has now come down to 45,000. That is, gold has given a return of about 17% in the last 1 year. At the same time, in the last 5 years, gold has given a return of 61%. On March 2016, the price of gold was close to 28 thousand.
Gold prices now 710 times higher than in 1965
The price of gold in India is still 746 times higher than in 1965. In 1965, gold was being sold at the rate of 63.25 rupees per 10 grams and was now at 45 thousand rupees. It is certain that investing in gold for a period of 3 to 5 years can give unexpected benefits.
Limited investment in gold is beneficial
Anuj Gupta says that even if you like to invest in gold, you should still invest limited in it. According to experts, only 10 to 15% of the total portfolio should be invested in gold. Investing in gold during a crisis can give stability to your portfolio, but in the long run it can reduce the returns of your portfolio.