Gold Investment: Gold Price Will Cross 68,000! Physical Gold Or SGB, What To Invest In

Spread the love

Gold Investment: Gold has always been the most preferred investment option in India. Gold has always given excellent returns to investors in the long run. Investors’ inclination towards gold has started to increase again due to market volatility amid global uncertainty. The price of gold has been rising for some time now. According to ICICI Securities, the prices of precious metals will continue to increase in the coming time. If you too want or are going to invest in gold, then this news is for you.

If we look at the trend of the last few days, there is a structural upswing in the price of gold. Gold prices have crossed September 2020 highs. At that time its price was Rs.56018. While on Wednesday June 21, 2023, gold was trading around Rs 59,750 per 10 grams. The price of gold is also increasing at the international level and knowing that, they are now advising to invest in it. If ICICI Securities is to be believed then gold will cross 68000 in next two-three years..

As for the global gold price, historically it has consistently returned or remained stable at its price. At the same time, gold has been more stable and structural in the Indian context. Regardless of the event, people have made huge profits by investing in gold. Be it the era of global stress or corona virus, gold has always performed well. According to ICICI Securities, since 1970, gold has consistently returned 9 percent annually. This means that for the last 53 years, investors have been making consistent profits from gold, even though the stock market has seen steep declines several times.

Buying gold has always been a traditional investment method in India. Now the Reserve Bank of India (RBI) has brought a golden opportunity for the people of the country to buy cheap gold. If you are planning to buy gold, then Sovereign Gold Bond Scheme is the best option for you. RBI has said that under the first tranche of the Sovereign Gold Bond (SGB) scheme 2023-24, people will be able to buy cheap gold between June 19 and June 23. You have to pay only 5926 rupees to buy one gram of gold. You can buy it both offline and online. Those buying gold through online payment will also get an additional discount of Rs 50. In such a situation he has to pay 5876 rupees to buy 1 gram of gold.

than physical gold SGB Why is the best??

The bonds are issued bi-annually for a period of 8 years with a fixed interest rate of 2.5 percent. However, early redemption can be done at prevailing market prices for investors who are looking for early liquidation. Unlike physical gold, SGB is a safe investment option. Under SGB, you get gold at a lower than market price. It has a guarantee of security in the amount invested as it is a government backed gold bond scheme. Under this scheme you invest in 24 carat i.e. 99.9 percent pure gold.