Hello friends, today I am going to tell you about Gold bonds( Best alternative of buying physical gold)
As every household hold some grams of gold idle at home which they either buy to do investment or to fulful their future needs.
But nowdays Investment in gold by buying it and keeping at home has become risky due to increasing crimes.
Alternative is RBI issued Gold bonds which one can avail at normal gold rates from government authorized banks and financial institutions . They are sold in 4 trenches every year where rates are decided by last weeks Gold price per gram in market .
advantages:
one can avail loan by using them as security
: one earn yearly interst of around 2.50% on invested amount
: easy to keep it at a secure place
: easy to reedeem into money which would be tax free.
so better to take gold bonds as ab alternative
thankyou all