Business Desk – Investing in gold demand has grown by 19% to Rs 85,010 crore during the third quarter of 2022. Especially in India, people believe gold investment is a safe option.
Though you get various private and government schemes that help you to earn returns through gold. But usually Indian trust government schemes more than private ones, so here we bring some schemes that you should look for while investing in gold.
Sovereign Gold Bond (SGB)
In SGBs, investors have to pay the issue price in cash, and on maturity, their bond redeems in cash. Its securities are denominated in grams of gold. It was issued by Reserve Bank on behalf of the Indian Government.
Indian Gold Coin
The Indian gold coin is the first-ever national gold coin minted in India. It has the National Emblem of Ashok Chakra on one side and Mahatma Gandhi on the other side. The coins are available in 5, 10, and 20 grams, and they carry advanced anti-counterfeit features and tamper-proof packaging.
Gold Metal Loan Scheme
This scheme is also denominated in grams of gold and opened by the bank for jewelers. It is provided to jewelers on loan, on the basis of the terms and conditions set out by banks.