Apart from buying jewelery made of gold, you can also adopt other options. If needed, you can arrange for money in common emergency.
Investment in gold
Gold has always been considered a better option for investment in India. Investors have shown great confidence in the Corona crisis as well. This is the reason why its price is increasing steadily. According to experts, this time is also right for investing in gold because its prices have increased by about 4 thousand in the last 2 months. In such a situation, if you are also going to invest money in it, then it is important for you to know a few things. This can double your profit.
Gold ETFs are not afraid of risk
At the time of investment, such a scheme should be chosen in which the risk is the lowest. In such a situation, Gold ETF is a better option. It is used for both short and long term. It does not require storage. You can use it during emergency.
Check purity while taking gold bar
You can also arrange money in difficult times by investing in gold bars. Before investing in it, make sure to check its purity. Because the purer the gold, the greater the benefit. So if you buy a gold bar from a famous refinery, its purity will be highest. 24 carat gold can be taken at some places like MMTC PAMP and Bangalore Refinery. Similarly, you can also see other well rated refineries.
Even talk can be made with physical gold
Physical gold has been trending in the country for centuries. Therefore, you can buy gold jewelery even in corona crisis. Before buying gold jewelery, check its purity properly. Don’t forget to check hallmarking for this. You can get good money by pledging or selling gold jewelery if needed.
Also read: FDs break before time, then know how much damage can happen, calculate this way
After Citibank, this bank has now decided to consolidate its business in India, know the reason