An Indian’s love for gold cannot be measured but the return on its investment can. Anindita Ghosh helps you invest wisely in the yellow metal.
What’s the one metal that people never shy off from purchasing, and aspire to get more and more of? You guessed it right, the shiny yellow one—gold. According to the World Gold Council, India is the second largest consumer of gold after China, and a whopping 20-25 per cent of all the gold produced in the world is consumed by our country—in the form of jewellery, bars, and coins. The metal owes its popularity to being considered auspicious across communities, and is a symbol of wealth and status. It is also valued as a portable and secure form of investment. Here’s the lowdown on all the avenues for investing in the precious element.
Jewellery and coins
Upside: Rohan Sharma, managing director, RK Jewellers, Delhi, says holding gold could provide financial stability during periods of economic recession, as it doesn’t lose value. “In fact, gold prices stay the same, and have known to increase over the last few years. For purchasing gold jewellery or coins, people don’t need to have any technical knowledge. Easy procurement, steady demand, and stable prices make it a safe investment option,” he says. In times of need, gold can be easily liquidated too.
Downside: In case of jewellery, about 5-8 per cent of the value is deducted as making charges when sold. It may be a safe investment option, but gold doesn’t give you any income in the form of dividends or rent, neither does it offer any tax benefits. And, of course, stocking up on gold carries the risk of theft.
Diese Geschichte stammt aus der November 9, 2018-Ausgabe von Femina.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 9, 2018-Ausgabe von Femina.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How's Your Aura Doing Today?
Do you have a positively-charged aura? Prachi Rijhwani helps you find out
AGAINST ALL ODDS
SAIKA ISHAQUE's cricketing journey is a remarkable story of resilience, determination, and triumph against adversity, writes Kayal Arivalan
MASTERING THE ART OF TEACHING
DR SANGHAMITRA BUDDHAPRIYA talks to Ravina M Sachdev about her many accomplishments and her inspiration to become a professor
ART ATTACK
KANIKA RANKA ADANI, founder of The Studio Project, talks to Ravina M Sachdev about turning her passion into her profession
GLOBAL CRAVINGS
PLAKA in Bengaluru promises an exceptional dining experience for casual dining enthusiasts eager to explore international cuisines
TAKE A BREAK IN GANGTOK
Nestled amid the breathtaking landscapes of the Eastern Himalayas, Gangtok is a serene choice for your summer vacation
NOURISHING THE NEW MOTHER
The right nutrition can help new mothers recover and feel stronger.
QUIT RIGHT
Pratyasha Sarkar shares ways to quit your job without burning your bridges
WRITE YOURSELF SUCCESSFUL!
Riddhima Shishupal shares ways by which you can ace professional communication
BEAT THE BURNOUT
Here are expert-backed tips to prevent burnout at work