The festive season is here again and also time to buy gold. People prefer to buy gold especially on Dhanteras as this is believed to bring wealth and good fortune.
The festive season is here again and also time to buy gold. People prefer to buy gold especially on Dhanteras as this is believed to bring wealth and good fortune. However, buying gold is not easy for everyone because of its high prices. That is why despite their willingness, some people are unable to buy gold and purchase some other metals like silver instead.
Thankfully, the high prices of gold shouldn’t be a concern as buying gold or investing in it has become quite easy now. In fact, you will be surprised to know that you can buy pure gold for as little as Re 1 these days. Yes, Paytm Gold allows you to buy gold worth Re 1 or above and also store it in one of the country’s most secure, 100% insured lockers at zero extra cost. Paytm has come out with its ‘Diwali Gold Sale’, being held from October 10 to October 19, to enable people make their gold purchases more rewarding during the current festive period. As a part of this sale, customers can use the promo code GOLDFEST to avail 3% additional Paytm Gold on a minimum purchase of Rs 10,000.
Gold ETF is also supposed to be a better investment option as it is regularly traded and has very low investment and holding charges. You need to buy a minimum of 1 unit of gold – equal to 1/10th of 1 gram or 1 gram of gold – to start trading in gold ETFs. Buying and selling the units works just like equities – you can trade through your stock broker or the Fund House.
You can also invest in the Government of India’s Sovereign Gold Bond Scheme–Series-III, the applications for which will be accepted till December 27, 2017. The minimum permissible investment limit is 1 gram of gold, while the maximum limit is 4 kg for individual, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time. The annual ceiling includes bonds subscribed under different tranches during initial issuance by the government and those purchase from the secondary market.