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The Government of India has decided to close the Sovereign Gold Bond (SGB) scheme in the 2025 budget. Finance Minister Nirmala Sitharaman indicated this during the media briefing after the budget on 1 February.
In fact, in this scheme, the government had to pay more interest, due to which the government was constantly increasing the economic burden. After the closure of this scheme, people wishing to invest in gold will have to look for a new investment option.
So let's today News of the need We will talk about what are the other safe options for investors to invest in gold. Will also know that-
Expert: Jitendra PS Solanki, Investment Advisor, Ghaziabad
Question- What was the Sovereign Gold Bond Scheme? answer- In 2015, the Sovereign Gold Bond Scheme was launched with the aim of promoting digital gold. In this scheme, the government used to give investors a chance to buy gold at cheap prices. This scheme had many benefits. Such as-
Question- Why has the Government of India decided to stop this scheme?
answer- In the last few years, there has been a bumper jump in gold prices. This was the biggest reason that the government had to stop this scheme. In fact, the price of gold in the global market is crossing $ 2,900 an ounce. While the price of gold in the Indian market has reached around 85,000 rupees per 10 grams.
This simply means that if the price of gold increases, then the government will have to give more returns to the investors. At the same time, the market expert says that the prices of gold are now expected to be fast for a long time.
Question- After the SGB scheme is closed, what is the better option to invest in gold now? answer- Investment Advisor Jitendra PS Solanki says that if you have missed investing in SGB and now you are planning to invest in gold, then you can also invest in gold ETF (exchange-traded funds) or gold mutual funds. Are. Both of them are the best options for investment in gold in the recent times.
Question- What is Gold ETF? answer- Gold ETF is open ended mutual funds. You can understand it as an alternative to mutual funds, which is based on the falling gap of gold. Gold ETF invests in its digital form instead of physical gold. It is necessary to have a demat account for investment because the gold you purchased keeps accumulating in your demat account itself.
Question- What are the benefits of investing in Gold ETF? answer- Gold ETF is purchased in gold units, which means one gram. Therefore, it becomes easy to buy small amounts of gold in it. At the same time, it is difficult to buy such a small amount of gold from the jewelers. It has many benefits. Understand it from the graphic below-
Question- How to invest in Gold ETF? answer- Follow these steps to invest in Gold ETF.
step 1- For this, one has to open a demat account first.
Step 2- Then you can buy units of Gold ETF available on the National Stock Exchange (NSE).
Step 3- Gold ETF is deposited in your account after two days of ordering in demat account.
Step 4- Then you can also sell gold ETF only through trading account.
Question- What is Gold Mutual Fund? answer- Gold mutual funds are also a digital form of gold. Gold mutual fund is open-ended investment. In this, you can start investing in gold mutual funds from minimum 500 rupees through monthly SIP. Its special thing is that a demat account is not required to invest in it. You can start investing in it through any mutual fund house.
Question- How beneficial is it to invest in gold mutual funds? answer- Gold mutual funds are an easy way to invest in gold, especially for those investors, Jaaye does not want to open a demat account or to invest slowly through SIP. Understand it from the graphic below-
Question- How can you invest in gold mutual funds? answer- It is very easy to invest in gold mutual funds. In this, you can also invest through SIP or lump sum. Banks can buy it through a mutual fund platform, broker. Understand the process in these points-
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Graphics Source: NavJivanIndia | VaskarAssets
