Gold Investment: What are the different ways to invest in gold? Learn the best and worst methods.

Gold Investment: Nowadays, it's crucial for everyone to be financially strong. To achieve this, investing in gold is essential, along with saving. There are many investment options available in the market, one of which is the traditional method.

Also, the price of gold is rising rapidly, making it beneficial to invest in it. However, many people remain confused about the best way to invest in gold. So, let's explore the different ways to invest in gold and which are the best and which are the worst.

Different Methods of Gold Investment

There are many ways to invest in gold in the market. Making gold jewelry, purchasing gold bars, and investing in digital gold are considered better options. Each method has its own advantages and disadvantages. The best investment method depends on your needs. If you prefer, you can invest in a completely new and modern way by purchasing digital gold.

Which method of gold investment is the best?

According to experts, the best option for investing in gold is a gold ETF. A gold ETF is a digitalized investment method that allows you to easily purchase gold online from the comfort of your home. This eliminates the need to physically purchase gold and worry about its security. Additionally, investors receive significant liquidity, helping them protect against inflation. The entire purchase process is transparent, and there are no hidden charges. Investments in gold ETFs are exempt from GST. Furthermore, when it comes to investing in physical gold, the best option is to purchase gold bars.

Why not invest in gold jewelry?

Gold jewelry is considered the worst way to invest in gold. Therefore, investing in gold jewelry should always be avoided. While one advantage is that it offers a dual-role benefit, meaning you can use it as both an investment and jewelry, the cost of making it is significant because pure gold is never used in making gold jewelry, which leads to adulteration. Furthermore, when you get it made, the jeweler adds expenses like wastage fees and design premiums to the making charges. However, when you sell it, the jeweler deducts all these charges, resulting in a loss.