While choosing the right gold fund can be daunting, you can do it easily through the HDFC Bank SmartWealth App. Just download the app from Playstore/Appstore, a DIY investing tool that will help you make the right choices based on your investment objective and risk tolerance. Use the app ...
Sovereign Gold Bonds (SGBs) not only follow the price changes of gold but also offer clear details about the investment. SGBs are safe government securities. Their value is based on the amount of gold they represent, measured in grams. More investors are choosing SGBs as an alternative to ...
Sovereign Gold Bonds: They are issued by RBI and are denominated in grams of gold. They are a good substitute for the risk of holding physical gold. Gold ETFs: The underlying asset for gold ETF is gold, and its value depends on the price of physical gold. Also, one gram of gold equ...
Which Digital Gold Investment Platform is Best? What is Paper Gold? Paper gold is a piece of paper which acts as a substitute for physical gold. You can buy paper gold in the form of Sovereign Gold Bonds, Gold Exchange Traded Funds and Gold mutual funds. Sovereign Gold Bonds Sovereign Gold...
who like less volatile investments. The purchase and sale of these types of investments involve cash payments. Investors can earn 2.50% interest in a year and can make profits only when the price of gold increases. However, aninvestment in gold bonds involvesa lock-in time frame of eight ...
Gold prices are very sensitive to the price or performance of other assets like equities, bonds, etc. When these markets boom, people withdraw their money from gold and invest in these assets hoping for a higher return. Similarly, when the interest rates are increased by the government or ...
returns linked to the price of gold, so there may be a risk of capital loss if the market price of gold declines. Moreover, these bonds will provide interest income at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment to inves...
The resultant LTCG could be claimed exempt from tax if the gain is re-invested in a specified manner. One such reinvestment that qualifies for the exemption is the purchase of government-notified bonds (to the extent of the LTCG) within 6 months from the sale of the property). You need ...
The World Gold Council today announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 World Gold Council members with operating mines, who collectively produce c.1,300...
although the bonds are denominated in grams of gold, initial investment is made in indian Rupee cash and final redemption is in Indian Rupee cash. The bonds are actually issued by the Reserve Bank of India on behalf of the Government. The bonds’ issue price in Rupee is based on the avera...