With the festival of Dussehra, gold takes centre stage in many households, symbolising prosperity and wealth. Traditionally, people flock to purchase physical gold during this time, but today, investors have to decide: Should they invest in Gold Exchange-Traded Funds (ETFs) or sovereign Gold Bonds (SGBs) or stick with the time-honoured choice of physical gold?
With the rise of modern financial products offering new ways to invest in the yellow metal, it's important to weigh the benefits and limitations of each.
In July 2024, investors deployed Rs 1,337.4 crore into gold ETFs according to data released by the Association of Mutual Funds in India, the highest since August of the previous year, with net assets under management at Rs 37,390 crore as of August 2024. We spoke to investors, industry leaders and educators to make your purchasing decision easier this year. First of all, let's understand in simple terms - each of the investment options.
Gold ETFs
This story is from the October 13, 2024 edition of The Free Press Journal.
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This story is from the October 13, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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