So to reduce the demand for physical gold, the government created a new way to invest in gold via SGBs. Or if you want to accumulate gold regularly, then do a SIP in Gold ETFs every month,” adds Ashish. Don’t invest randomlyThough non-physical gold bonds are a good way to invest in gold for the long term, one should not invest in gold bonds or any other form of gold investment (ETF, funds, etc.) The Gold Bonds are best suited for those who have a longer investment horizon, as these gold bonds come with a long tenure, i.e. Gold ETFs or funds make it easy for investors to buy gold at low cost, without having to hold physical gold and without incurring wastage associated with physical gold.

Source: Hindustan Times February 24, 2021 07:11 UTC