As soon as the wedding season comes, the price of gold is seen increasing. In such a situation, the question arises whether this fast will be sustained or further decline can also be seen. According to experts, the price of gold may see a rise in the next 12-15 months. Harshit Jain, investment expert associated with Yes Security, says that gold prices will increase further in the coming months. Akshaya Tritiya is near, on this day a large number of people like to buy gold. According to investment experts, people can earn profits by investing 5% to 15% in gold on this day according to their capacity.
According to Motilal Oswal's report, very soon, the price of gold can cross 50,000 per 10 grams. The report claimed that it would reach 56,500 per 10 grams in 12-15 months. There are many reasons behind this, such as the fall in the prices of dollars. In such a situation, if you want to buy gold, then you have many digital options through which you can invest in the yellow metal.
Sovereign Gold Bond
In Sovereign Gold Bond, the investor does not get gold in physical form. It is safer than physical gold. As far as purity is concerned, its accuracy cannot be doubted due to its electronic form. It will be subject to long-term capital gains tax after three years (capital gains tax will not be levied till maturity), while it can also be used for loans. The duration of these bonds is 8 years. If you talk about redemptions, you can cash it anytime after five years, but if the investor sells gold before 5 years, then there is a possibility of not getting the right price and he has to sell it at a discount.
Where to buy
PAN is required by the investor with every SGB application. All Commercial Banks (except RRBs, Small Finance Banks and Payments Banks), Post Offices, Stock Holding Corporation of India Limited (SHCIL), National Stock Exchange of India Limited and Bombay Stock Exchange or through direct agents to receive applications and customers All services are authorized to be provided.
When you buy e-gold, companies allow you to deliver gold at home. The quantity is fixed in it. Once that fixed amount of gold is in your account, you can ask for it at home. In return, companies charge additional fees. Companies who buy gold through e-gold keep it in their locker and also charge the buyer for the same. Gold purchased under e-gold can also be sold to the same company within a specified period. It only has to pay margin fees which range from two to three percent. Digital gold is taxed as GST on 3 percent gold as well as making charge is also taxed as GST.
Exchange-Traded Fund (ETF)
If you want to buy gold through an exchange-traded fund, then for this you must have a Demat account. The money you invest in it will be put in 24-carat gold. Chirag Mehta, senior fund manager, Quantum Asset Management Company, says, "3 percent of the cost can be saved directly through gold EPF compared to physical gold." This too is taxed like physical gold.
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