We provide different modes for investing in GOLD. In Indian families, there is a tradition to invest in gold, physical gold, gold bars, or ornaments. Nowadays this is an outdated model for gold investment as there are lots of drawbacks in investing in physical gold like
- Storage risk: It is riskier to store gold at home, due to chances of theft, burglary etc.
- Cost: physical gold is having a high cost as compared with electronic gold. The cost is very low in electronic mode, and there is no making charges cost involved in ETFs, SGB.
- Risk of Purity: while buying gold from the local jewelers you are taking risk of purity
- Outdated designs: in the case of jewellery due to changes in fashion and trends the jewellery becomes out of fashion and the cost for re designing etc. is too high.