Gold: What is the preferred investment category among Indians? | Jobs Vox

According to a recent consumer data report by AxisMyIndia, gold is currently the most preferred investment category among Indians and digital gold has emerged as the preferred investment option in Tier 1 and Tier 2 cities.

According to Amul Kumar Saha, historical trends have shown the affinity of various gold investments to stabilize one’s portfolio.

As inflation and global instability prove, gold is an important asset to consider, and one popular asset class that has emerged is digital gold, he added.

Digital Gold has emerged as a popular choice with Gen-Z and Millennials who prefer to invest in smaller amounts.

Amul Kumar Saha “Digital gold will open doors to the world of financial discipline and asset allocation early on and the possibility of return of stored gold in the form of 24K 999.9 pure gold bars or coins”.

Gold prices edged lower in early trade on Friday. In MCX, gold edged down. ₹54026 in 10 grams. In the international market, spot gold rose to around $1,780.63 an ounce.

Meanwhile, India’s gold and silver import prices have increased, the government announced in a statement late on Thursday.

Every two weeks, the government revises the basic income rate, which is used to calculate the amount of tax an importer has to pay.

Gold investment options

There are many options for investing in gold, both physical and digital. Some of the online gold investment schemes are gold ETFs, gold mutual funds and others.

Sovereign Gold Bonds (SGBs) issued by the RBI on behalf of the government are another investment option. The latest issue of sovereign gold bonds will be open for subscription from December 19 to December 23, 2022, it announced.