GOLD
The precious metal is considered a safe heaven effect and its highest demand is seen during volatile times such as the current COVID-19 pandemic.
Investment in Gold can be done as
Purchasing Gold Jewellery
Purchasing Gold Coins or Gold Bars (24 or 22 carats)
Gold Exchange Traded Funds
Sovereign Gold Bonds
Digital Gold
One can take loan against gold by pledging their gold articles as collateral. The loan amount provided is a certain percentage of the gold, typically up to 80%, based on the current market value and quality of gold. Various Banks and financial institutions provide Gold Loans.
Gold price in Year 2000 was approx Rs 4400 per 10gms which has soared to Rs 71414 in April 2024, a phenominal growth rate at 1632% in 20 years.