Invest Smart: Investing in Gold - Here's all that you need to know

Gold is viewed as a safe haven investment, which has made it a staple choice for investors seeking to diversify their portfolios and preserve wealth.

Having gold as a small part of your portfolio is something that most financial advisors recommend.
There are many reasons for this. These include:
1. Portfolio diversification
2. As a hedge against inflation
3. As a safe haven investment in times of economic uncertainty.

In India there are several options available to invest in gold. These include Gold funds, gold ETFs, physical gold as well as Sovereign gold bonds.

On this episode of Invest Smart, Author and CEO, Vijay Bhambwani talks about why investing in gold is important and how one should decide how much to allocate to the yellow metal.

Bhambwani believe that the next one year could see gold prices being quite volatile, however post that he expects prices will move upwards. Given this, he says, this is a good time to buy gold.

While gold is generally considered a relatively stable investment, it's not immune to risks. Its price can be influenced by factors such as supply and demand dynamics, central bank policies, and changes in investor sentiment. Additionally, most gold investments don't generate income like stocks or bonds do, so it's primarily a value-preserving asset.