In India, most of the three options are chosen in traditional investment. It has gold, real estate and fixed deposits. Last year, due to Corona virus epidemic, Son has seen a return of about 28 percent. However, the return on FD has been around 6 percent.
New Delhi. India is the second country in the world where gold consumption is highest. For people in India, gold is not only a precious metal but also auspicious metal. Apart from this, gold is considered one of the best options for investment. The importance of gold in India can only be gauged from the fact that a large part of the budget for weddings is spent for gold jewelery and coins etc. Apart from gold, there are some options where most people like to invest. These options are real estate and fixed deposits. However, a large capital is required to invest in real estate.
In the Corona era itself, last year gold has given tremendous returns of 28 percent. Whereas, the Sensex has received 16 per cent return and fixed deposits only 6 per cent. The epidemic has affected the health of economies around the world. Due to economic uncertainty, investors chose the safest investment option. Gold prices increased due to this. Apart from this, gold production has also increased internationally.
Gold demand started to increase again,
but during 2020, gold imports in India decreased. The yellow metal consumption has been affected due to the lockdown imposed by the government. However, availability of the vaccine and relaxation of guidelines has again increased the demand. Apart from this, it has become easier to invest gold through Paytm, PhonePe and many other ways.
The brightness of the yellow metal will increase even further. If we look at the
past 10 years, gold has got about 100 percent return. Whereas, the interest rate on FD in major banks of the country has been around 5 to 6 percent. Some small banks are paying up to 7 percent interest on FDs. It is believed that due to rising liquidity and inflation, gold will get higher returns than FD.
sovereign gold fund
Gold also helps to beat inflation. Investing in Sovereign Gold Fund is even more beneficial. In addition to the price of gold, it also gets a fixed return of 2.5 percent annually.
