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Everything You Need to Know About Gold Investment in India

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Traditional Returns on Gold Investment
January 24, 2019
If there has been a parallel asset, valued tremendously and throughout history for its value, in India and elsewhere, it is gold. The precious yellow metal has long been the fancy asset for humanity around the globe and in India. Indian society has long treated gold as a circum point of the asset collections and financial stamina. In traditional Indian marriages, gold gifts and exchange holds a special place and in many cultures, gold ornaments are gifted on many occasions- from childbirth to betrothal. However, gold was widely perceived by Indian society to be a blocked asset - in the sense that investments on gold were very uncommon. People just purchased or owned ancestral gold, mostly in the form of jewels and kept it locked away. This was a long-followed practice and consequently, this asset offered no liquid returns or even market flow value. However, in our present times, with the administrative policy-thrust being on capital generation for economic development, gold is fast being seen as a movable investment.

In fact, there are a number of savings schemes for ensuring that this asset does not remain stagnant. Some among these are:

  1. Tanishq Golden Harvest:

    Under the gold Harvest scheme from Tanishq, you pay for 10 months and after end of the 10th month the company will offer you a discount which will vary from 55 per cent to 75 per cent of the first installment. It is pertinent to note that customers can still get Golden Harvest proportionate discount after completion of six months and six installments payment. You can begin by investing in small amounts of Rs 2,000 and in multiples of Rs 1,000 thereafter. The scheme will close within 421 days from the date of opening the account.

  2. GRT Golden Eleven

    You can buy a plan from GRT Golden Eleven and the amount paid per month is fixed and not variable. Interestingly, VAT and other taxes as applicable from time to time will be borne by the members. Those who discontinue after seven months will not be entitled for no wastage on purchase.

  3. Malabar Gold & Diamonds SMART BUY:

    It is a unique concept, which gives discounts to customers for placing orders for any jewelry design either available in Stock or currently out of Stock but it can be met on request. Smart Buy is an option to save money on jewelry purchase. This scheme gives the flexibility to select sizes as you require and place manufacturing orders. Customer will also get discounts for these orders.

Investing in gold is just like investing in any other investment plan, which can generate wealth over a longer period of time. Gold is considered a safe asset in case of a financial crash, runaway inflation, or global depression. Gold has a high capital gains tax in most countries. The trade of gold is one of the best sources of income. Gold can be used to make jewelry to sell and earn a profit. Profits can also be gained by merely by selling the precious metal. Gold is one of the easiest forms of liquid money. If you need liquidate it, the same can be done very easily. However, bigger articles like bars may not be conveniently traded to meet your monetary demands. Prospective investors buy gold when the value of paper money decreases.

HDFC Life offers numerous savings and investment plans that ensure your financial freedom when you need it at any point in life. For further details, click on the mentioned link: https://www.hdfclife.com/savings-plans. 

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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