Gold, not only for the old! Why gold thrives even today in digital form!
When it comes to sailing through volatility, Gold is the OG. In emergencies like war, gold has the potential to hold on to its value. That’s why our forefathers held gold coins for financial security. Unlike cash, which loses its value with a price rise, gold acts as a hedge against inflation. With rising prices, gold prices rise too! For example, the value of 10gm gold in 1980 was Rs.1,330 . Today, 10gm gold is valued at over Rs. 50,000 . Further, when the economy is down, the local currency depreciates, but the purchasing power of gold increases. We mean, can gold have its own superhero movie already?
Gold prices tend to move inversely to stock markets. Thus, gold can be a good hedge against market volatility. Smart investors use gold to diversify their portfolios.
In case you want to invest in gold, but are hesitant to do so because you are unwilling to sacrifice your precious tresses worrying about it being stolen any day, then we have some good news for you.
You can invest in gold online. You can invest in digital gold through gold mutual funds, gold ETFs and even through sovereign gold bonds. The underlying asset for these investment avenues is physical gold. Digital gold investments have the scope to give you steady returns and could even be a source of passive income.
Whether it is investing in gold funds, ETFs, or bonds, this shiny metal will always have a place in a well-diversified investment plan.
Given the current geopolitical uncertainty, ongoing pandemic, market volatility, and climbing inflation, investing in gold may prove to be a smart move for investors. And let’s be honest, the brownie points you earn from your parents for investing in gold are a definite plus!
https://www.livemint.com/money/personal-finance/how-much-gold-prices-have-risen-every-10-years-from-rs-99-per-10-gram-in-1950-11629513034631.html
https://www.bankbazaar.com/gold-rate/gold-rate-trend-in-india.html
________________________________________________________________________________________________
Views and opinions contained herein are for information purposes only and should not be construed as investment advice/ recommendation to any party or solicitation to buy, sale or hold any security or to adopt any investment strategy. It does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The recipient should exercise due caution and/ or seek professional advice before making any decision or entering into any financial obligation based on information, statement or opinion which is expressed herein.
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Limited Investment Manager: Axis Asset Management Company Limited (the AMC) Risk Factor: The Sponsor is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully
Calculator
View All
