Gold has been considered as one of the safest asset which one can have to hedge against any financial crisis. Most of the people, especially in India, buy or invest in gold not just to get good returns on it rather it is their status symbol and an act of expressing their love and affection towards someone. But the trend has moved much ahead of these emotional point of views now. More and more people now invest in gold with a sole motive to provide a back up to their savings and investment policies.
We all must be well aware of the price and value which gold offers to our lives but we are going to discuss some important aspects of how to trade gold online and how you can get maximum out of investing or purchasing gold.
This is the most common way of owning gold by a large population in India. Indians simply cherish possessing gold.
Jewelries: Purchasing gold in form of jewelries is the most common trend. From investment point of view buying jewelries is not advisable as when it comes to sell them, they offer less returns due to the manufacturing cost involved in it, also the purity of gold varies a lot in jewelries.
Gold Coins: You can even purchase gold coins from some reputed jeweler and showrooms. However, it is not advisable to buy gold coins from investment purposes as these can shrink your investment returns due to their manufacturing defects.
Gold Bars: Buying physical gold bars online is also a fairly simple process. Browse gold bar products on reputable retail websites, select your category according to size, weight and quantity and order. Of course you get liable for a good discount if you buy it in a large quantity, you even get discounts on using your credit cards for payments. Make sure that you buy gold bars which are at least 99.5 % pure gold, it’s the best standard for investment purpose. Checkout new blog Top 10 Actors In India.
Gold Savings Schemes
You can opt for a gold saving scheme with a reputed jeweler where you have to deposit a fixed amount every month for a specific time period. At the completion of this period, you can buy gold (from the same jeweler) at a value that is equivalent to the total money deposited, including a bonus amount. This conversion is done at the gold price prevailing on maturity. In most cases, the jeweler adds a month’s instalment at the end of the tenure as a cash incentive or may even offer a gift item. The tenure for this depends up to you or might differ with different jewelers.
Conclusion It is always better to take help of some best online investment experts and use apps related to it. Investing in gold is a global culture, the only thing is you have to keep yourself little updated and informed about the recent market trends and factors which affect gold prices.