Today Gold Rate in Port Blair

However, new channels of investment have recently opened up which have provided investors with new options to invest in gold. The various forms of gold investment in Port Blair are listed below:

1. Gold bars, coins, and biscuits: If you want to invest in gold in Port Blair, gold bars, coins, and biscuits are good options. You may purchase coins in various weights to fit your budget. Coins can be purchased via a bank or a recognised jewellery dealer. However, you must remember that while banks sell gold coins, they do not purchase them back.
2. Gold Mutual Funds: Gold investment can be done in Port Blair in the form of mutual funds, such as a fund of funds (FOFs) that holds units in other gold-related funds. Alternatively, you can invest in a fund that holds gold stocks listed on worldwide stock markets. Trading in derivatives is another approach. However, a commodities broker account and trading fees are required for this. Note that derivatives trading is a risky investing strategy.
3. Gold Exchange Traded Funds (ETFs): Gold ETFs are gradually replacing conventional methods of investing in gold, such as acquiring jewellery. Gold ETFs trading takes place on the stock exchange hence they are easy to purchase, sell, and liquidate. Some tax advantages may be available if you hold it for more than a year. A gold ETF is held in a demat account which eliminates the hassles of storage and physical security of gold. Because ETFs are kept electronically, there is no risk of theft.