Gold Shopping: Buying gold in India is not only a tradition but also a strong investment. People consider it auspicious to buy gold on Teej festivals. On the occasions of festivals like Akshaya Tritiya, Pushya Nakshatra, Dhanteras, gold showrooms remain crowded. Apart from this, there is a huge crowd during the wedding season also. But do you know that not only showrooms but there are many other places from where you can buy gold. So today we will tell you from where else apart from showrooms you can buy gold, and also from where it will be economical to buy gold.

Where can you buy gold?
There are three ways to buy gold, the first is the traditional way i.e. going to the showroom and buying gold jewelery or accessories. The second way is to buy gold through mobile apps with low investment and the third way is to buy gold through bank. Know about all three options in detail…

Jewelery Showroom: There are many jewelery showrooms in your cities, from where gold and silver jewelery and things can be purchased. This is the oldest and traditional method. A person also has confidence in them when they buy from the showroom. The gold purchased from here is BIS hallmarked, there is no doubt about its purity. However, when buying from showroom, making charges and wastage are also added, due to which the price increases slightly.

Bank: Another option to buy gold is bank, from where you can buy gold for investment. Here 24 carat pure gold coins and bars are available, which are fully certified. However, the price of gold purchased from the bank is slightly higher than the market. Gold taken from the bank is not bought back, due to which investment options are limited.

Mobile Apps: The third option for buying gold is mobile apps, this method is very popular these days. Digital gold is purchased through mobile app. People invest in gold even in small amounts on platforms like PhonePe, Paytm. The gold purchased from here comes with 24 carat purity, it is safe and can be sold if needed. You can even convert it into physical gold. Although this is a completely digital process, many people do not even trust it.

Which option among the three is the best?
Actually, all three options are best at their respective places. If you want to buy jewellery, showrooms are best for that. So if someone wants to make a small investment then mobile app is a better option for him. However, if you buy gold from a bank, its price may be higher but you will not have to worry about purity.

Apart from this, it also depends on your purpose for which you are buying gold. If you are short of time and have small amount then you can also buy gold through apps. So, if you are in a hurry and have some function at home, then it would be wise to buy gold from the showroom itself.

Gold Investment: Nowadays, it is very important for every person to be financially strong. For this, it is important to invest along with savings. In such a situation, there are many methods of investment available in the market, one of which is the traditional method of investing in gold.

Also, the price of gold is increasing very fast right now, due to which it is beneficial to invest in it. However, many people remain confused about what is the best way to invest in gold. In such a situation, let us know what are the different ways of investing in gold and which of these methods is the best and which is the most useless.

Different methods of gold investment

There are many ways to invest in gold in the market. In this, making gold jewellery, buying gold bars and investing in digital gold are considered better options. In such a situation, all methods have their advantages and disadvantages. In such a situation, which method of investment is best depends on your needs. In such a situation, if you want, you can invest in a completely new and modern way by purchasing digital gold.

Which one for gold investment? Method Is it the best?

According to experts, the best option to invest in gold is Gold ETF. Gold ETF is a digitalized method of investment, in which you can easily purchase gold online from the comfort of your home. In this, one does not have to physically buy gold and worry about its security. Besides, the investor also gets a good amount of liquidity in this, due to which you can protect yourself from inflation. The entire process of purchasing it is transparent and there are no hidden charges. GST is also not applicable on investing in gold ETF. Apart from this, if we talk about investment in physical gold, then the best way is to buy gold bars.

Why not invest in gold jewellery?

Gold jewelery is considered to be the worst way to invest in gold. In such a situation, investment in gold jewelery should always be avoided. However, one of its advantages is that it gives double role benefit, that is, you can use it as jewelery along with investment, but there is a huge cost in making it because while making gold jewellery, pure gold is never used, due to which adulteration is done in it. Also, when you go to get it made, the jeweler adds expenses like wastage fee and design premium along with the making charge. But when you go to sell it, the jeweler deducts all these charges and you suffer a loss.

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