If you want to buy gold jewellery on the occasion of Diwali, note the added costs: 15% customs duty, 3% GST, 5% making charges
Individuals can also buy bars, biscuits, or coins with low making charges for good returns. Yet, physical gold poses storage and theft risks
For those who want to buy gold in electronic form, you can buy & sell gold ETFs just as you would trade in stocks. 1 gold ETF unit = 1 gram of gold
You can even buy gold from the govt in the form of Sovereign Gold Bonds. SGBs, issued by govt of India, is a substitute for physical gold
This is the best option for those seeking pure gold with secure storage. Purchase online & have your gold stored in a secure vault on your behalf
Another option is investing in gold funds. A type of investment fund that holds assets related to gold
Offered by jewellers, these operate like SIPs, involving fixed monthly deposits. Using this, you can buy gold jewellery
From 2:35 pm to 6:40 am on 10 November 2023 and from 6:40 am to 1:57 pm on 11 November 2023