Buy gold in these 6 ways during festivals, you can invest starting from ₹ 1

Festive Season: The tradition of buying gold during festivals has been going on for centuries. It is believed that buying gold and other valuables at this time brings good luck. For decades, Indians have been buying gold from jewelers during festivals. Nowadays, many ways have come up to buy gold. Today we are telling you in which ways you can invest in gold this festive season. 

6 ways to invest in gold

1. Sovereign Gold Bonds (SGB): Issued by the government. Can be purchased from the secondary market.
2. Digital Gold: Buy gold for as little as ₹1 using apps like Paytm, and PhonePe.
3. Gold coins: You can buy them through banks, jewelers, and online platforms. Every coin and bar is hallmarked as per BIS guidelines. Gold coins weighing between 0.5 to 50 grams are available in the market.
4. Gold ETF: An open-ended mutual fund scheme that invests investors’ money in gold bullion of 99.5% purity. You can invest in it monthly. 
5. Gold Saving Plans: In recent years, many jewelers have introduced gold-saving schemes. Gold or jewelry saving schemes allow you to deposit a fixed amount every month for a period of your choice. When the period is over, you can buy gold (from the same jeweler) for the total amount deposited plus the bonus.
6. Gold Jewellery: You can buy jewelry made of gold from jewelers. While buying gold during festivals, do check the hallmark.