Gold Investment: The festive season has begun, and every household is talking about buying gold. Whether it’s a wedding or Diwali Dhanteras, gold remains the top choice for Indians. But the big question is, which investment option is best, gold biscuits, coins, or jewelry ? Gold is no longer limited to jewelry; people now consider it the safest investment option. So, let’s understand the full calculation.
Gold Jewellery
Jewelry is beautiful to look at and emotionally charged. It’s always in demand for festivals and gifts. However, jewelry isn’t a profitable investment. Making charges and design premiums add up, which can lead to a 10–15% loss when sold.
Gold Biscuit
Gold biscuits are considered a good investment option. They contain pure gold and have little or no manufacturing charges. When resold, they fetch a price close to the market rate. However, they require safekeeping and a 3% GST.
Gold Coins
Gold coins are also a good investment option. They are made of 22-carat or 24-carat pure gold. They are free of manufacturing charges and can be easily sold at market rates. It’s beneficial to buy coins from a reputable brand. However, the price of these coins can be quite high, and it’s important to store them in a safe place.
Advantage: Gold is a safe investment that offers good returns even during periods of inflation and economic uncertainty. Over the past 10 years, it has generated 8-12% annual returns.
Disadvantages: Prices can fluctuate over a short period of time. Storage and insurance costs (0.5-2% per annum) are higher for biscuits/coins. Jewellery has higher making charges and lower resale value.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
