Outlook Money
Digital gold offers an alternative to physical gold, allowing customers to buy the yellow metal online and store it in an insured vault.
India has an organised gold market, which determines its price daily. People buy physical gold for various social occasions as well as for investments.
These investment instruments represent physical gold in units. One Gold ETF unit is equivalent to 1 gram of gold and is backed by high-purity physical gold.
These investments are based on units. The value of these funds is directly dependent on the price of gold. Gold funds can also serve as a hedge against economic shocks.
SGBs are a safe way to invest in gold issued by the Reserve Bank of India and denominated in gold grams, with an eight-year maturity.
Compiled BY Himani Verma