In the year 2020, the price of gold (Gold price) was seen quite sharply. The price of gold has crossed the level of 56 thousand rupees per 10 grams, but should you invest in gold at this time…?
New Delhi: In the year 2020, the price of gold (Gold price) was seen to be very high amidst the epidemic spread across the country. The price of gold has crossed the level of 56 thousand rupees per 10 grams, but since December, the prices of gold have fallen continuously. Tell that since December, till now the price of gold was reduced by about 11 thousand rupees, then in such a situation, you should invest in gold at this time … Is this the right time to invest in gold. Let us tell you-
Let us tell you that most financial advisors say that investors should always keep gold as a portfolio, but it should be considered as an essential part of the investment.
Know expert’s opinion
According to Adhil Shetty, CEO of BankBazaar.com, most high-risk investors seek safety and liquidity. In such a situation, let’s look at the returns before investing. Let us tell you that in the last 10 years, gold has increased the CAGR return to 9.8% per annum, which is considered a safe investment.
8 to 15 percent should allocate gold
Therefore, Shetty believes that investors should not allocate more than 8-15 per cent of their portfolio of gold. Along with this, physical gold is liquid and digital gold can be a better option.
Should invest in sovereign gold bonds
According to Pranjal Kamra, let us tell you that for long-term financial goals, one needs to have sufficient equity exposure, but as we know equity investments are quite volatile. In such a situation, investors should consider buying sovereign gold bonds. Sovereign gold bonds are a good option to invest in gold.
Digital Gold is safe
Let us tell you that the matter of security is most important in digital gold. Digital Gold Provider has a guarantee of its security, that is, the buyer does not need to take its tension, buy it for the same amount of digital gold, you can sell it at the same rate and there is no hidden charge in it.
One of the advantages of digital gold is that in this you get the option to take physical delivery of gold. But you may have to pay delivery charges. Apart from this, if you are converting your digital gold investment into physical gold, then it may also include some fees. You can convert digital gold into gold chains or coins. Here you can be charged a design fee.
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