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Gold Price In Uttar Pradesh – How To Make Gold Investments

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Gold price by Investorocean.com

How Can You Make Gold Investments

Gold is many things all at once; it is versatile and is still unique in every sense. It does not amount to becoming a liability at any point because of its liquid nature and is most certainly is an asset. Investments in gold is not limited to buying gold in physical form these days How Can You Make Gold Investments

Gold is many things all at once; it is versatile and is still unique in every sense. It does not amount to becoming a liability at any point because of its liquid nature and is most certainly is an asset. Investments in gold is not limited to buying gold in physical form these days you can also invest in different schemes as well. 

Investing in Physical Gold

Investing in physical gold is buying gold in form of jewellery, coins, biscuits etc. They are the most traditional type of gold investment where you hold on to the physical asset and sell, if and when required, at a higher price.

Investing Gold ETF

Gold (Exchange Traded Fund) ETFs are like stocks and therefore implies that when you a piece of Gold ETF you also own a proportion of the total gold reserve in the market. However, any change in physical gold prices directly affects the difference of rate in Gold ETFs.

Investing in Gold Mutual Funds

Unlike Gold ETFs where you own a digital gold in proportion to the value of your investment, investment in gold mutual funds means that you own a share of the company, which directly mines the physical gold. Hence, any performance lapse in the company itself will affect your investments adversely.

you can also invest in different schemes as well. 

Investing in Physical Gold

Investing in physical gold is buying gold in form of jewellery, coins, biscuits etc. They are the most traditional type of gold investment where you hold on to the physical asset and sell, if and when required, at a higher price.

Investing Gold ETF

Gold (Exchange Traded Fund) ETFs are like stocks and therefore implies that when you a piece of Gold ETF you also own a proportion of the total gold reserve in the market. However, any change in physical gold prices directly affects the difference of rate in Gold ETFs.

Investing in Gold Mutual Funds

Unlike Gold ETFs where you own a digital gold in proportion to the value of your investment, investment in gold mutual funds means that you own a share of the company, which directly mines the physical gold. Hence, any performance lapse in the company itself will affect your investments adversely.

GST Impact on Gold Rate 

Before the implementation of Goods and Service Tax (GST) in India Gold was subjected to 1% service tax along with 1% VAT tax, that was a total of 2% tax. However, when GST was first introduced for Gold the making charges were subjected to 18% charge, which made a huge difference to the overall price of the gold. After, protest and government consideration the rate is distributed and reduced. With the new tax implementations in place, one has to include 3% GST on the value of the gold along with the 5% GST making charges. 

The above change still has not changed the scenario of gold market in India, which remains one of the costliest nation to buy gold. Apart from this, a 10% import duty is also levied on gold imported from outside the country, and since a major portion of the jewellery manufacturing is dependent on the imported gold, the prices are soaring high. The vendors find it difficult to acquire raw gold in a decent quantity given the rates of taxes and that has resulted to buying raw gold from unregistered sources. The gold market is affected undoubtedly but the demand has not diminished to its totality. Hence, it may be presumed that the relief on GST rates may not possible in the near future.

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