You can also invest in gold through ETF
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Gold Investment:The financial year 2023-24 is about to end. This year too, there was enthusiasm among people regarding investment in gold. This year the price of gold crossed Rs 67 thousand. At the same time, experts believe that the price of gold will cross Rs 70 in the next financial year. If you are also planning to invest in gold, then investing in Gold Exchange Traded Fund or Gold ETF can be a better option. It has given tremendous returns of about 14 percent to investors in the last one year. Let us know how we can invest in it.
How can one invest in it?
You can invest in Gold ETF through the stock market. For this you will have to open a demat account through a broker. You buy gold ETF from the National Stock Exchange. Whatever purchase you make, that amount will be deducted from your demat account. Gold gets deposited in the EFT account two days after the order is placed in the trading account. Then later you can easily sell it from your demat account.
Also Read: There is a stormy rise in the share of three rupees, the price will cross 50, know what is the advice of experts
Gold has become a safe investment destination
Anuj Gupta, Head of Commodity and Currency, HDFC Securities, said that Sensex-Nifty has given tremendous returns to investors in the financial year 2023-24. However, in such a situation, gold became an excellent safe haven for investors. For the first time in the international market, the price of gold crossed $ 2200 per ounce. At the same time, the price of gold in the country remained around Rs 67. By Diwali this year, the price of gold is expected to cross Rs 68 thousand and the price of silver is expected to cross Rs 80 thousand.
How did the ETF give returns?
| LIC MG Gold ETF | 14.2 percent |
| Invesco India Gold ETF | 12.9 percent |
| Aditya Birla Sun Life Gold ETF | 12.6 percent |
| hdfc gold etf | 13.5 percent |
| SBI Gold ETF | 12.3 percent |
| ICICI Prudential Gold ETF | 13.10 percent |
| Axis Bank Gold ETF | 13.9 percent |
,Disclaimer: Investing in stock market or mutual funds is subject to market risk. Before investing in any share, get complete information from a good financial advisor. We are not encouraging investment in any company.,
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