Chasing The Glitter
Business Today India|March 03, 2024
There Are Multiple Avenues For Investing In That Indian Obsession, Gold. But Investors Must Exercise Discretion While Making The Choice, Keeping In Mind Their Short-and Long-term Aims
Chasing The Glitter

INDIANS HAVE ALWAYS coveted the glitter of gold. That desire has stood the test of time, despite challenges from newer financial instruments that promise to deliver better returns.

This is visible in the latest data from the World Gold Council. In its report, Gold Demand Trends 2023, it said Indian gold bar and coin demand rose 7% year-onyear in 2023 to 185 tonnes, while jewellery demand dropped 6% to a still substantial 562.3 tonnes. However, physical gold-backed exchange-traded funds hit a record of 42 tonnes by year-end.

One reason why gold has remained a popular asset is its traditional role as a hedge against inflation. Besides, adding gold to portfolios can help with diversification. Considering this insatiable demand, multiple forms of gold investments have been introduced over time: from minted products (coins and bars), gold bonds, and digital gold to gold exchange-traded funds (ETFs) and mutual funds.

Each of the options comes with its advantages and drawbacks. Physical gold risks theft and burglary, while gold ETFs and bonds have custodian risks and others not present with physical gold.

THE AVENUES

Physical gold—gold coins, jewellery, and bars—can be purchased from a jeweller or a bank. The advantage here is that you have direct ownership, plus it holds sentimental value for many Indians. But one must consider the associated risks here, like storage, safety, making charges, and the risk of receiving less than the market value when sold.

Diese Geschichte stammt aus der March 03, 2024-Ausgabe von Business Today India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der March 03, 2024-Ausgabe von Business Today India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS TODAY INDIAAlle anzeigen
The EV Craze
Business Today India

The EV Craze

The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly

time-read
5 Minuten  |
November 10, 2024
The Storage Boom
Business Today India

The Storage Boom

Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?

time-read
8 Minuten  |
November 10, 2024
India Beckons
Business Today India

India Beckons

Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before

time-read
4 Minuten  |
November 10, 2024
The Pearls of The Sea
Business Today India

The Pearls of The Sea

Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it

time-read
4 Minuten  |
November 10, 2024
66.Brand persona should define the core"
Business Today India

66.Brand persona should define the core"

I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.

time-read
1 min  |
November 10, 2024
Unwind in Style
Business Today India

Unwind in Style

Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury

time-read
3 Minuten  |
November 10, 2024
A Lifelong Affair with Inspiration
Business Today India

A Lifelong Affair with Inspiration

In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art

time-read
3 Minuten  |
November 10, 2024
Make it Bubbly
Business Today India

Make it Bubbly

Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

time-read
4 Minuten  |
November 10, 2024
Palatial Splendour
Business Today India

Palatial Splendour

Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

time-read
7 Minuten  |
November 10, 2024
Of Beaches and Cream
Business Today India

Of Beaches and Cream

GianChand Single Malt Whisky

time-read
1 min  |
November 10, 2024