Gold Price Today Remains Buoyant; Check How To Invest In Yellow Metal?

New Delhi: Gold price today in India (22 carat) remained buoyant and was quoted at  Rs 69,600 per 10 gram (gm) on Sunday, September 22, 2024, according to “Good Returns .” While, 24 carat gold price today was quoted at Rs 75,930 per 10 gm. As far as 18 carat gold  is concerned, its prices traded at Rs 56,950 per 10 gm.   Silver price today was also quoted to trade in positive territory and stood at Rs 93,000 per kg.

How to buy Gold in India?

In India there are many answers to the question ‘How to buy Gold?’ Following are the most common way of piling on the oldest commodity known to mankind:

1.      Gold Bullion:

Bullion refers to gold bars.  Many people purchase and keep gold bars in bank lockers, while, others keep at home.

2.      Jewellery Items

Women households are known for their craze with gold jewellery in our country. This is the most common method used by the households in India traditionally. They perceive that if they keep the yellow metal at their home then it will bring good omen for their family.

3.      Sovereign Gold Bond

Off-late, people have started investing in the precious metal through purchase of government backed sovereign gold bonds. This is considered as one of the most safest and profitable method to invest in the gold. Investors not only get tax sops but also interest return on the investment made. They would also save on various charges they would have otherwise paid if they had bought bullions directly.

4. Gold ETF

Gold Exchange Traded Fund (ETF) is one of the ways to invest in gold but through electronical means. Off-late, people have started investing in such types of investment avenues  in the country.  It works like a mutual fund. It is also listed and traded on exchanges.

5.      Digital Gold

This is method is not known to all. Albeit, government authorities in India have allowed institutions to let people invest in Digital Gold. But, this method has not picked up at all.

Also Read: Gold Prices Remain Steady Above 75,000 Mark; Check Rates In Your City!