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Gold is beautiful in terms of Wealth, Fashion, Prosperity, Status, etc. Also, it is considered to be auspicious. 

Akshaya Tritiya marks the start of the first yug - Satyug or the golden age. The word Akshaya means "endless" and Tritiya means "third". According to Hindu mythology, Treta Yuga (the age of three) began on Akshaya Tritiya day. Many people start their new ventures on this day and believe that buying precious metals on this day brings prosperity. Gifting gold jewelry is the main example of auspiciousness and tradition in many religions. We generally believe that Gold can help us in our difficult times. But when we are considering it as an investment form, there are many alternatives that can be considered.

Here are 7 options for investment in Gold:

Gold ETFs offered by the stock exchange:

Exchange-Traded funds (ETFs) are the safest way to invest in gold. Gold ETFs are units representing physical gold in Demat form, therefore, a Demat account will be mandatory. Investors can buy and sell ETFs through the stock exchange. ETFs have a lesser holding cost and are easy liquidity.

Gold mining mutual funds:

Gold mining mutual funds invest in stocks of companies that are into gold mining, the returns are as per the performance of these companies. The investment process is similar to other mutual funds like units will be given to investors against his/her investment.

Sovereign Gold bonds:

Sovereign Gold Bonds are issued by RBI on behalf of the Government of India with an assured interest of 2.5% per annum. The bonds are substitutes for holding physical gold, they are issued in the denomination of 1 gram. Whenever the issue is opened for subscription, investors can apply for it through bank branches, authorized stock exchanges, post offices, etc.

Gold SIP Scheme:

Gold SIP schemes are offered by jewelers to their customers. It is nothing but another way of investing money, the customer gets to invest a fixed amount of money regularly. In simple words, you are buying gold for a fixed amount of money, regularly. The invested money will fetch the equivalent value of gold, the gold prices will be real-time only.

Gold Monetisation Schemes:

The goal of GMS is to mobilize gold held by households and institutions of the country. It is a gold savings account that will earn interest as per weight for the gold that you deposit in it.

Physical Gold Coins/ Bars:

The traditional and most famous way to invest in Gold is by buying Gold coins from jewelers, banks, post offices, etc. Safety & storage becomes the main concern in the case of physical gold.

Digital Gold:

Digital gold is the easiest way of purchasing gold through online platforms. It will be stored in lockers by the sellers on behalf of investors, it is a digital version of your gold holdings.

Did you know:

• India has 10th largest gold reserves in the world, reveals World Gold Council data (Source: Business Today)

• Overall gold consumer demand-including jewelry, bars, and coins-witnessed a 35.8 % growth to 86.6 tonnes on a quarterly basis(July-September quarter of 2020)(Source: Financial Express)

• India’s gems and jewelry export stood at US$ 29.07 billion in FY20. In the same period, India exported cut and polished diamonds worth US$18.66 billion, thereby contributing 52.4 % to the total gems and jewelry export. (Source: ibef.org)

Women can have investments in Gold from any of the above ways depending upon their requirements. Research shows that whenever the equity market does not perform, gold performs well and Vice versa. So, having an investment in gold will help investors in balancing their portfolio in adverse market conditions and creating wealth.

Disclaimer: Investment in securities and other investment products is subject to market risks; read all the related terms and documents carefully before investing.