New Delhi. Due to the record rise in the prices of gold and silver, investors are being attracted to invest in these metals. Experts say that Gold and Silver ETF i.e. Exchange Traded Fund is the best option for investment. This is because it can be invested with less money, there is no hassle of maintenance and transaction fees are also less, and it can also be sold easily. If you like to keep real gold or silver then it is better to buy coins or biscuits.
Making charges have to be paid in jewellery, hence it is not a good option. This year the price of gold has increased by 82% and that of silver by 175%. In the Multi Commodity Exchange, gold was Rs 76,772 per 10 grams on January 1, which became Rs 1,39,890 per 10 grams on December 26. Silver increased from Rs 87,300 per kg to Rs 2,40,300 per kg.
Investing in ETF is easy
Mehta Equities Vice President Rahul Kalantri said that it is easy to invest in gold and silver ETFs because there is no problem of keeping gold or silver in it and it can be sold very quickly. He said that the form of investment depends on your need and information. Naveen Mathur, Director, Anand Rathi Share & Stock Brokers also said that Gold and Silver ETF is the best option as it has advantages like low investment, no maintenance cost, guaranteed purity, high liquidity and low transaction fees.
Why is ETF better?
Gold and silver ETFs are funds that can be bought and sold in the stock market. Investment can be made in this even without buying real gold or silver. Investment can also be made in this through mutual funds. Investing in gold can be done in many ways, such as buying the physical metal, ETFs, futures and options or mutual funds. Every option has its own advantages and disadvantages, so the decision should be taken carefully before investing. If you prefer to keep the real metal then it is good to buy coins or biscuits, but there can be problems in maintenance, insurance and selling. Making charges have to be paid in jewellery, hence it is not a good option.
What is the opinion of experts on other options?
Futures and options trading is for those who want to earn profits in short time or want to reduce the risk, but it is high risk. Digital gold is also becoming popular now because it can be invested with less money and is easy to buy and sell, especially for the youth. But digital gold is not regulated by SEBI and may have some risks. Therefore, experts advise to invest only in products regulated by SEBI. Overall, investing in different options can provide a good balance of safety, liquidity and profits.