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In terms of investment, financial experts say that your portfolio should be diversified, that is, you should invest your money in different places. In today's time, there are many means of investment from mutual funds, equity and various government schemes to gold. Talking about gold, people in India have been investing in it for years because gold can not only give better returns but is also a companion in difficult times. These days the price of gold has fallen sharply. Due to gold being cheap, investors have a good opportunity to buy gold. Know here why you should include gold in your portfolio and what are its benefits.
Benefits of investing in gold
In this case, financial expert Deepti Bhargava says that the way gold prices have risen in the last few years, it can be guessed that in the coming times, gold can become a great option giving better returns. According to experts, we must include such options in our portfolio that can beat inflation in future. Gold can be one of those options. Of course, the price of gold has come down today, but it is not forever. The process of fluctuations continues. If you buy gold at a cheap price, then you will benefit from it in the future. Especially physical gold, which is not only seen as an asset but it has also been a part of many traditional occasions and will remain so in the future.
Gold is a companion in difficult times.
No one can tell when difficult times will come in front of whom. In difficult times, when there is a sudden need of money and no arrangement seems to be made from anywhere, then you can use gold. You can sell gold and take cash in exchange for it. If you want, you can also take a loan by mortgaging it. Gold loan comes under the category of a secured loan. Apart from banks, you can easily get gold loan options from many other places as well. Apart from this, physical gold is such an investment that you can easily carry it with you anywhere.
There are many ways to invest in gold
As investors' interest in gold has increased, many ways of investing in it have also emerged in the market. If you want to buy gold for investment, then you do not need to invest money in physical gold, you can also buy it digitally. Know about it here-
Sovereign Gold
Sovereign Gold Bond (SGB) is a government scheme, in which the risk of investment is very low. Its advantage is that apart from the price of gold, it also gives an interest of 2.5 percent per annum. Also, GST is not required to be paid while purchasing it.
Digital Gold –
Instead of physical gold, you can buy digital gold. Digital gold is not physically with you but remains in your digital wallet. Its value also increases with time. If needed, you can also sell this gold online. One can invest in it even from Rs 1.
Gold ETFs
Gold ETFs can be bought like shares and kept in a demat account. This is a mutual fund scheme, which is a cheap option for investing in gold. This gold can be bought and sold in the stock market.
