During the last few months, the interest rates on one-year FDs have come down to 5 per cent. At the same time, those who put money in the Gold ETF scheme have received up to 40 percent returns.
new Delhi. Continuation of record breaking boom in gold prices. For the first time in the country, the price of 10 grams of gold has crossed 51 thousand rupees. In such a situation, you have a good chance to earn big money. Experts say that returns on FDs have come down sharply. During the last three months, the interest rates on one-year FDs have come down to 5 per cent. At the same time, those investing money in Gold ETF scheme have received returns of up to 40 percent. In view of the current Corona crisis, experts are talking about the continuation in gold prices. In such a situation, you have the chance to earn big returns by investing in gold ETFs. Let’s know why and how to earn money in Gold ETFs.
Why investing in Gold ETFs is beneficial at this time-Experts say that internationally gold is trading at a height of 9 years. Gold has gained momentum due to increasing US-China tension. Prices have been supported by increasing global liquidity. Interest rates are expected to remain low for a long time. At the same time, the European Union has announced a relief package of 2 trillion dollars. Apart from this, more relief packages are also expected in America. In an environment where there are worries about the growth of the economy, it would be beneficial to invest in gold. Because the demand for safe investment is increasing.
In the world, big experts and global research report talk of gold boom is going somewhere. The report of US bank Citi says that gold can go up to $ 2,000 in 3-5 months. Goldman Sachs is of the opinion that in 6-12 months, gold can touch the level of $ 1900-2000. BoAML says that 18 months of gold can go up to $ 2,000. At the same time, Digix says that gold can go up to $ 2000 by the end of the year. Wells Fargo is of the opinion that by the end of the year gold can show a level of $ 1900.
Gold can reach 55 thousand rupees till Diwali – CNBC-Awaaz has conducted a poll. 40 percent of the people involved in this poll say that gold can touch 55000 levels by Diwali. At the same time, 30 percent of the people say that the level of 53000-54000 in gold is possible till Diwali. At the same time, people are in favor of the level of 51000 rupees.
Where will silver be till Diwali? In response to this question, 70 percent people said that the level of 65000-68000 in silver is possible till Diwali. 20 percent of the people are of the opinion that silver can touch the level of 70,000 by Diwali. At the same time, 10 percent people are of the opinion that till Diwali, the level of Rs 63000 in silver is possible. Where is gold or silver investment better? On this question, 90 percent people said that investment in silver is better. At the same time, 10 percent people favored gold.
The opportunity to earn big money by investing in gold ETFs –
if you look at the performance of gold funds and ETFs, ICICI PRU GOLD ETFIt has given 3.90 percent in one month, 4.90 percent in 3 months, 23.30 percent in 6 months and 38.60 percent in 1 year.
Also Read: How can you take loan under Pradhan Mantri Mudra Yojana?
HDFC Gold Fund has given 3.70 per cent in one month, 4.40 per cent in 3 months, 25.30 per cent in 6 months and 40.88 per cent in 1 year. Kotak Gold Fund has given 3.60 percent in one month, 4.70 percent in 3 months, 24.98 percent in 6 months and 41.60 percent in 1 year.
Nippon Gold ETF has given a return of 4 per cent in a month, 5.16 per cent in 3 months, 24 per cent in 6 months and 39.50 per cent in 1 year.
UTI Gold has given 3.90 percent in one month, 4.90 percent in 3 months, 23.80 percent in 6 months and 39.00 percent in 1 year.
IDBI GoldIt has given 3.80 percent in one month, 4.90 percent in 3 months, 23.50 percent in 6 months and 38.71 percent in 1 year.
If you look at the ways of investing in gold, then you can invest in it as jewelery, coins and biscuits, gold ETF, gold bonds, gold futures.
Let’s know about Gold ETF …
What is Gold ETF (Exchange Traded Fund) is a type of mutual fund, which invests in gold. The units of this mutual fund scheme are listed on the stock exchange.
Gold ETFs are hardly aware of these benefits- Ajay Kedia, head of Kedia Commodity told News18 Hindi that Gold ETF is a modern, low-cost and safe means of investing in gold. Units purchased by you are deposited in your demat account.
How to invest money- You have to open your trading and demat account with any share broker. You can also buy them at regular intervals through Lump-Sum or Systematic Investment Plan (SIP). You can also buy one gram of gold. In this way, instead of giving more time to the market, invest in a systemic way.
Open your trading and demat account with a share broker. Login to the broker’s online portal with your login ID and password. Select the gold ETF you want to buy. Place your purchase order for as many UTF units as you want to buy. Money will be deducted from your account. Units will be credited to your demat account on the day of trading or the next day.
