
is it good time to invest in gold?
if yes, why and in what form?
PS. I have some lumpsum sitting idle in savings.
I have purchased SGBs in demat format.
How much tax we need to pay while Buying and selling?
No need to pay tax while buying or selling SGB(ie maturity)
If you have ‘cash’, then buy physical (no tax). If you don’t have ‘cash’, then buy SGBs or Gold ETFs (tax is included in purchase value). There will be very small difference in terms of returns in the long term between physical and demat. But you must have allocation to gold in your portfolio, it never depreciates over a long term.
I can only afford RGB lol
I have SGB's
Time and again gold has beaten inflation, preferably go for online for safety
Once us defaults gold will go up Irrespective of form.
Buy sgb it's a good investment. Liquidation is great.
In my opinion, gold is not an investment but a hedge against inflation( nicer way of telling collapsing purchasing power of fiat currencies). I have a small portion of my gold in physical form and a larger portion in SGB form. Again, the allocation should be within limits as others have pointed out.
I have used jar app to invest a small portion recently, just try to buy at right dips
Offline only if you want to hedge against rupee collapse. I buy offline because I believe gov will put like gold control act in few years. Don’t have much faith in paper rupee too.
if yes, why and in what form?
PS. I have some lumpsum sitting idle in savings.
Since the stock market crashed and there was no sign of bouncing back for at least sometime for sure. Should I invest in digital gold? And app suggestions along with are also welcomed 🙂.
Hello everyone I'm new in investing, exploring on my own. I wanted to know thoughts on daily digital gold investment of ₹10-20 through apps like jar and gullak.
I have 3 questions
Is it a good idea to buy physical gold as an investment? Please let me know your suggestions