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Make a Golden beginning with Gold ETF on Akshaya Tritiya

Posted On: 2012-04-21 02:59:08

Akshaya Tritiya falls on 24th April this year and has traditionally been considered the most auspicious time for investing in gold!

Gold ETF

Buying Gold ETF is purchasing gold in electronic form. You can buy them just like you buy the stock of any company from your broker. Gold ETF makes it easier for you to invest in gold. The investment objective of Gold ETF is to provide you with returns that closely correspond with the domestic price of real gold.

They are easy to purchase since you can buy even just one gram at a time. Over time, you can build up your gold portfolio to the level you want.

Gold ETF Features

  1. Cheapest form of pure physical gold with no premium or making charges
  2. No issues of wastage or impurities like in the case of physical gold
  3. Tax efficient way to hold gold, No Securities Transaction Tax or wealth Tax
  4. Can be easily purchased or sold anytime at transparent real time price
  5. Can track your investment value in real time
  6. No worries of theft and also save on locker charges
  7. Benefit on long-term capital gains

Comparison Table
Transaction ChargesJewelleryGold BarsGold ETFs
PurchaseMaking charge of15-20%10-20% extra charge by banksBrokerage of 0.5% or less
SaleLoss of 10-20 % owing to purity issuesNo buy-back facility by Banks, hence extra charges paid at time of purchase is lostBrokerage of 0.5% or less
MaintenanceInsurance and/or locker chargesInsurance and/or locker chargesNil
Tax ImplicationsLong term capital gain tax benefit (only after 3 years)Long term capital gain tax benefit (only after 3 years) coupled with wealth taxLong term capital gain tax benefit (after 1 year)


Source: Equity Bulls

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