Golden Opportunities This Diwali: From gold ETF to SGB, diversified ways to invest in gold

financialexpress.com:

Festival time is the best opportunity for accumulation of a few assets and gold is a preferred choice among Indian households who wish to purchase this metal not only for investment but also because it is considered auspicious.

Gold has long been a popular investment option, and it is especially popular during Diwali. Often when it comes to gold, physical gold is what comes to mind. But that is not it. There are several different types of gold investments available, each with its own advantages and disadvantages. The prices and availability of physical gold can vary based on the prevailing market rates, purity of gold, making charges, and other factors. It’s important to buy gold from trusted sources to ensure its purity and authenticity.

Here are some of the most popular options for gold investment.

Traditional and modern jewellery designs made of gold are popular purchases during Diwali. It is a significant tradition during the festival, where families often buy jewellery as gifts or for personal use. This is the most traditional form of gold investment, and it involves buying gold coins, bars, or jewellery. Physical gold has the advantage of being tangible, which gives investors peace of mind and the option to use the gold for personal purposes. However, physical gold can be expensive to store and insure, and it may not be as liquid as other types of gold investments.

Also Read: Buying silver this Dhanteras? Don’t make these 10 mistakes!

Gold ETFs are a type of mutual fund that invests in gold. This means that investors can get exposure to the price of gold without having to physically buy and store the metal. Gold ETFs are more liquid than physical gold, and they can be traded on stock exchanges. However, gold ETFs