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Dhanteras Gold Buying Guide: Dhanteras and Diwali I have few days left now. It is considered auspicious to buy gold and silver on the occasion of Dhanteras. During this, you must have also seen the crowd at the jewelery shops due to the increase in demand. However, in the current era it is not necessary that you go to any jewelery shop to buy gold. There are many options available to you to buy gold in today’s date. Today we will discuss a scheme of the government, through which you can invest in pure gold.
If you want to invest in gold on the occasion of Dhanteras, you have various options available according to the investment tenure and purchase amount. Many investors prefer digital gold over physical gold. There are many risks associated with physical gold. Accuracy and security are the major risks. If you are buying jewellery, you may also have to pay a making charge of up to 20 per cent which you do not get back while selling the gold. Digital gold does not carry such risks. You get the benefit of the increase in the price of gold without keeping it in the house.
Sovereign Gold Bonds
If you are planning to invest in gold for a long time, then you can invest digitally in Government’s Sovereign Gold Bond ie SGB. When you compare it with other investment options in gold, you will see this as the best option.
By investing in Sovereign Gold Bonds, you get the benefit of 2.50 percent annual interest apart from the increase in gold prices. If you keep your investment in it till maturity, then you also get exemption in capital gains tax.
The Reserve Bank of India issues sovereign gold bonds on behalf of the government. There is no GST on this. In other words, it is the cheapest way to buy gold. Its price is determined on the basis of the last three days’ price of gold of 999 purity.
Where to buy Sovereign Gold Bond?
If you want to buy Sovereign Gold Bonds on the occasion of Dhanteras, then you can buy it like shares through the stock exchange. For this you need to have trading and demat account.
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