These days, the demand for gold is no longer limited to jewelry; people now see it as a reliable investment. Especially when the stock market fluctuates or inflation rises, people turn to gold. Now is the time when you don't need to go to a shop or buy gold physically to invest in it. Through mobile, you can now invest in gold from home and earn well.
Not Physical Gold, Now is the Era of Digital Gold
Where traditional gold purchases involve concerns about making charges, GST, and storage, options like digital gold or Gold ETFs are free from all these hassles. Investing in digital gold eliminates the fear of theft, and you don't need a locker. You can buy as much gold as you want, even if it's less than a gram.
Gold ETF Makes Investing Easy
If you want to invest in gold in a very easy and safe way, then Gold Exchange Traded Fund (ETF) is a great option. It only requires a Demat account. As the price of gold increases, so will the value of your ETF. There is no charge like physical gold in this, nor is there any worry of taking care of it.
Big Profit in Low Capital
A special feature of gold trading is that you can make big deals with small investments. This is called 'margin trading'. In this, you can take a position in more gold even by investing less capital. This increases the possibility of profit, but it requires some market experience and an understanding of risk management.
Start Gold Trading by Joining MCX
In India, the Multi Commodity Exchange (MCX) is a large platform where you can do commodity trading in gold. For this, first of all, you have to open a Demat and trading account on a registered broking platform. Then you can invest in gold futures or gold options if you want.
What is the Difference Between Gold Futures and Options?
- Gold Futures: In this, you make a deal to buy or sell gold at a fixed date and fixed price. There is some risk in this because prices can suddenly go up and down.
- Gold Options: This is a slightly safer way. In this, you take the right to buy gold in the future by paying a premium, but there is no obligation. That is, if the price does not go in your favor, then you can leave the deal.
A Way to Protect Against Inflation and the Market
Gold is an asset whose prices usually rise when there is uncertainty in the market. As inflation rises, the value of gold also increases. This is the reason why gold is considered an inflation hedge. During economic crises, people consider gold a safe investment and it can be quickly converted into cash.
Investment Became Easy with Online Platforms
Now there are many mobile apps and websites available that provide facilities like digital gold, gold ETF or gold SIP. On these platforms, you can start investing immediately by doing KYC. If you want, you can also invest in gold with a small amount every month, which is called Gold SIP.
Why People Are Now Choosing Digital Gold Over Jewelry
- There is no making charge in this
- No hassle of tax and GST
- No fear of theft or loss
- Facility to sell immediately
- Digital tracking of the entire transaction
24 Hour Trading Facility
Another big feature of Gold ETF and commodity trading is that you can trade in it for almost 24 hours a day, five days a week. You can take or leave your position according to the market. This flexibility attracts both traders and investors.
Stay Connected to the Market Movement, Increase Profits
Those who do gold trading have to keep an eye on the movement of the market. The international market, the movement of the dollar, geopolitical tensions, and crude oil prices also affect gold. Smart investors make their strategies based on these signals and earn profits.
