Prof. Vinny Arora Shares Top 3 Ways to Buy Gold; Check Out

Dhanteras is a traditional day for gold purchases in India, but modern investors are very much seeking digital and non-physical options for gold investment. If you're looking to invest in gold without the hassle of storage and security, Prof. Vinny Arora brings to light the top three ways to buy gold this Dhanteras: Gold ETFs, Gold Mutual Funds, and Sovereign Gold Bonds (SGBs).

1- Gold ETFs: Gold Exchange Traded Funds let you buy gold without physical storage and can be traded on the stock exchange. Popular picks include Nippon India Gold ETF and HDFC Gold ETF.

Benefits: Easy to trade on the stock exchange, secure storage by the fund, and the ability to buy or sell any time the market is open.

Popular Options: Nippon India Gold ETF and HDFC Gold ETF are among the most popular in India, offering very convenient access to gold investment.

2- Gold Mutual Funds: Invest indirectly in gold by choosing funds that hold gold ETFs or mining stocks, like the SBI Gold Fund and ICICI Prudential Regular Gold Fund.

Benefits: Allows diversification with exposure to both gold ETFs and gold-related industries, making it a suitable option for those who want to avoid direct investment in physical gold.

Top Funds: SBI Gold Fund and ICICI Prudential Regular Gold Fund are two highly regarded options for those looking to invest in gold mutual funds.

3- Sovereign Gold Bonds (SGBs): These government-backed bonds offer a 2.5% annual interest and are tax-exempt if held to maturity. Although new issues are currently limited, popular options include Series IX and VIII 2023-24.

Current Situation: Although the Government of India has reduced the proposed issuance of SGBs this year, recent series such as Series IX 2023-24 and Series VIII 2023-24 are indeed a popular choice for gold investors.

Benefits: Offers 2.5% interest per year, backed by the government, and capital gains are tax-exempt if held to maturity.

Investing in gold on Dhanteras is a time-honored tradition in India. While physical gold is evergreen popular, options like Gold ETFs, Gold Mutual Funds, and SGBs offer flexibility, security, and tax advantages for modern investors.

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