How can invest in Gold on this Akshaya Tritiya

Gold has been a symbol of wealth since ancient’s times; Indian is well known to have a great affinity for gold investments on various occasions, festivals and auspicious days like Akshaya Titiya

Akshaya Tritiya is particularly significant and considered one of the most important days of the year, according to religious belief.

Let us know: How can one invest in Gold on this Akshaya Tritiya

Sovereign Gold Bonds issued in denomination of gram of gold and in multiple offers a minimum investment of 1 gram up to a maximum of 4 kg per year with a 5-year lock-in period, providing appreciation of gold plus 2.5% interest annually. There are no additional fees, and no capital gains tax on redemption, except for early sale.

Gold ETFs is an exchange- traded fund that aims to track the domestic physical gold price. It offers flexibility with no lock-in, but entail trading commissions and brokerage fees, with tax implications depending on the holding period.

Digital gold is the best option because you can buy it in any part of the world, and there are no frauds or counterfeit charges. You can easily sell it in any part of the world. It is also 24K 99.9% pure gold and there are no transactions or making charges allows investments from Re. 1 to Rs. 2,00,000 with no lock-in, but incurs a GST of 3% and capital gains tax if sold within 3 years.

Physical gold jewelery is a very popular option among Indians to protect their wealth against inflation, but just buying jewelery is not the solution. Physical gold can be bought in various forms but entails making and handling charges, with purity guarantees from trusted sellers, and can be used as collateral for loans.