Gold Prices Spiked ~19% (YTD) Buy 24K Digital Gold Now!

Did you know that the price of gold has risen nearly 8% so far this August and about 19% in 2019? Yet, we Indians still love gold. But is it wise to buy it in its physical form?
Let’s find out!!

  • 1gm of gold today costs Rs. 4000. But the price turns out to be high when you buy physical gold as it includes making charges and taxes.
  • Purchase of physical gold causes you to worry about its safety and maintenance. Leaving the gold at home can raise the concern of theft, whereas placing it at banks can cost storage charges.
  • Liquidity can be an issue — there’s no guarantee that you will get the complete resale value on your gold.

Is there a better alternative to physical gold?
MyWay Wealth has just the right solution. Buy gold for as low as Rs.1000 !!! Presenting…

24 karat Digital Gold with 99.5% Purity!

Digital Gold gives you the freedom to buy gold at an affordable live price quoted. Also combines the benefit of safety by offering BRINK’s – secure locker with 100% insurance cover. Not just that; You can sell any amount of gold above just Rs.1 and get the amount credited to your bank account within 3 days or get it delivered at your doorstep in the form of gold bars & coins.

You don’t want to miss this opportunity!

Raksha-Bandhan

Celebrate this Raksha-Bandhan with Digital Gold

Gold Investments

Different Gold investment options in India

You can invest in gold in various forms be it buying gold in the form of jewelry, coins, or bars in physical form, Gold Exchange Traded Funds (ETF) and the sovereign gold bonds (SGB ) in the paper-form. There is an option of gold mutual funds as well, where they are ‘fund of funds’ which further invest in gold ETFs.

 

Gold Investments - Dipika Jaikishan

Is investing in Gold a good idea?

Safety, Liquidity and Returns are the three factors that most conventional investors look for before making any investment. While Gold meets the first two criteria significantly, but it doesn’t do too badly at the last one either. Here are two main reasons why you should invest in gold:

a. Gold investment is worthwhile because it is an inflation-beating investment.

b. Gold has an inverse relationship with equity investments.

However, every investment is unique and hence choose your investments in Gold wisely and based on your investment needs.

invest in gold

Make wiser investments in Gold

“Gold has two significant shortcomings, being neither of much use nor procreative”

-Warren Buffett

One of the most prominent investors of our time, Warren Buffett is known for his advice on investments is telling people to trade in anything but “gold”. However, we Indians love gold and just cannot let it go. It would be hard to find a person who has not invested in gold in one form or another. There are those who buy gold jewelry for different occasions like weddings, festivals, etc., while others look to make a profit.
“Gold is not an investment at all!” said the Vanguard founder and former CEO, John Bogle in an interview with CNN. “Gold is speculation. It has absolutely no underlying intrinsic value,” said the American investor, who is known for promoting Mutual Funds. An investment that only recently became popular among the average investor for its low-cost and high earning schemes.
Did you know that you can invest in gold through Mutual Funds? This investment vehicle collects the money and invests in physical gold without the hassles of storage and low yield. There are two ways you can go about it. One is to invest Gold Exchange Traded Fund (ETF) and the other is to simply invest in Gold Funds. Let’s see how they differ from each other :

 

Gold ETF

Gold Fund

  • Investor trades in the physical gold through an exchange.
  • A Mutual Fund scheme which invests on the Gold ETF and other related assets.
  • Can be purchased from the stock exchange and requires a Demat account.
  • Can be purchased in Mutual Funds without a Demat account.
  • Gold ETFs are priced transparently based on international gold prices.
  • Gold Funds invest in Gold ETFs and other related assets, their NAVs are dependent on gold prices as well as prices of other assets that funds hold.
  • Gold ETFs typically require a minimum investment amount of 1gm gold which is close to Rs 3,000 at current prices.
  • Gold Funds allow a minimum investment of Rs 1,000 (as monthly SIP).

 

If you were determined to purchase gold, do so with the better investment vehicle. Since Gold Funds are professionally managed, they are preferred over physical gold, even though it holds less liquidity. Using the MyWay Wealth App, any person can trade in these funds with his specific appetite of risk. Explore More on Top Rated Gold Funds

So go for the real gain, not just for the gold!
Think MyWay Wealth!

Gold or Mutual Funds?

Gold or Mutual Funds?

As women, we love to show off our gold jewelry as they define our social status, lifestyle and earning capacity. Weddings, anniversaries or Akshaya Tritiya, we rush to get our favorite ornament made of gold.
We hear our moms and grandmoms say, “Buy Gold, it would help when you are in need of money”. Meaning, traditionally Gold is not just a piece of jewelry but is considered as an investment.
Then why does the business magnate, Warren Buffett, does not invest in Gold?
He says: “It doesn’t do anything but sit there and look at you.”

Do investments in Mutual Funds fetch better returns? But do I choose Mutual Funds or Gold?
Let me list down the differences between the two, this will help you to make the right choice.

Investment in Gold

Investment in Mutual Funds

  • Gold is not affected by market conditions.
  • The process of investing gold and managing investments is an individual’s responsibility.
  • Fear of theft or loss of purity is more as Gold is a physical asset.
  • Diversification can happen only if one chooses to invest not just in Gold, but in silver, or other mining products.
  • Value of Gold is more hence the amount you invest in Gold would naturally be high.
  • Gold remains to have the same value unless someone buys it at a higher price.
  • Gold incurs making charges and wastage
  • Mutual funds are affected by market conditions so there is potential to earn higher returns.
  • Mutual Funds are handled by Professional Fund Managers who perform research and guide your investments in Mutual Funds.
  • Mutual funds are invested in stocks, bonds, or Gold ETFs, they are electronic or online investments.
  • Mutual funds provide the option of diversification as it allows investment in bonds, cash, or commodities like gold and other precious metals.
  • Initial Investment in Mutual Funds can be as small as Rs. 500 Read More: Let your money grow
  • Investments in Mutual Funds earn high returns as time passes. Mutual Funds Providing >15% returns.
  • Mutual Funds have no such charges, in fact, investment in Direct Mutual Funds don’t even have commission charges.

Does this mean I cannot invest in Gold? No, they are better ways to invest in Gold.

Yes, MyWay Wealth, India’s most trusted app for Direct Plan Mutual Funds, allows you to invest in Gold through Digital Gold – 24K Gold, where:

  • You can buy the desired quantity or amount of gold above Rs. 1000 and purchase it at the live price quoted.
  • Track your gold value & transactions anytime from your gold tracker.
  • Sell any amount of gold above Rs. 1 & get the amount credited in your bank account within 72 hours.
  • Get gold coins/bars delivered to your doorstep when you have more than 1gms of Digital Gold.

 

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