I want to save some amount of gold as an investment so from where should I start on that ? Need help to understand proper way of investing and accumulating in gold, thanks.
BuY SGB ( Gold bonds) gives 2.5% interest per annum and multiple contracts available buy as per your investment period.
or Gold bees( mini version for gold investment like niftybees)
SGB 2023 is still open I guess. If you don't intend to use gold for ornaments anytime soon this is a good option.
Capital gains are tax exempted. Plus 2.5% additional interest per annum.
Hiccup - lock in for 5 years minimum.
Other option is to get gold coins using gift cards purchased from rewarding credit cards like axis gyftr or directly from Ecom websites when they offer 10% discount. You get them at lower than market price. Will be taken by shops at current market price when you exchange them to purchase gold ornaments in future but will incur some charge if you intend to sell them for cash.
What is the time frame you are looking at for holding the investments in gold related security?
And what are the chances that you might require them (money invested in gold) before your intended holding period?
My advice would be to purchase 5g/10g/20g gold coins/bars offline and keep in bank locker (can spread in 2 bank lockers). Also remember that this investment is for long term. Min. 10 years.
SGBs from secondary market (if already using Zerodha, etc.).
2.5% annually and as safe as possible.Also, final redemption amount is tax free.
First, think on the tenure & your financial needs/plans for the next few years.
1. SGBs - 2.5% p.a. interest. Sovereign guarantee. 5 year lock-in & then you can trade in secondary market on exchanges. Total tenure 8 years for redemption. Hassle free but lock-in & liquidation b/w 5-8 years can be a bummer. Not always easy to liquidate too.
2. Physical Gold - Easy to buy & liquidate. But some charges (seemingly invisible) involved + GST on each transaction. Ultimate flexibility w.r.t. tenure/lock-in. Holding/Storage/Safety aspect involved - If you use banker lockers for this, additional charges shall creep in then.
3. Digital Gold (MMTC, GPay, Safegold, etc) - many options to buy. Again easy to buy & liquidate (supposedly not easy to buy more than 50k in 1 transaction - not sure on this; atleast Gpay has this restriction. Some others may have some other buying/selling restriction too!). PLEASE check all details of the platform before transacting. No Holding/Storage/Safety aspect here. Plus, you will save on those additional/making/invisible charges. Some sites also give an option to convert to physical gold coins later with some additional charges.
Gold ETFs - Personally, I don't recommend Mutual Funds etc for investment unless there is no other option, primarily due to the expense ratio & charges methodology. {Mutual Funds are a well-crafted instrument created by these financial cos to loot the lowest rung of the investor pyramid!!}
But if you are not gonna transact repeatedly, you can choose a gold ETF too.
Do remember that in some of the options above, you can think of investing in a SIP format too, if you NEED so. For e.g. Buy physical gold worth INR 5k every month for the next 12 months.
The best part always in creating your own SIP model - you can time your purchase as you wish by tracking market prices. For e.g. I can buy it on 2nd July for July month & then maybe on 23rd Aug for Aug month & still be financially disciplined 
Choose wisely!
Perhaps slight modification needed. AFAIK,
No need to wait for 5 years to trade in secondary market. You can start selling your bonds after ~15 days of issuance on the secondary market... (E.g. SGBJUN31 is already open for trade in zerodha)
SGB bond ?
After 8 years maturity period , they give the gold price of that day ?
Yeah. Plus u get 2.5% interest per annum
SGBs are best, buy from secondary market, (Zerodha, ICICI Direct etc etc) you may get them cheaper, whether you buy from secondary market or via NFO, the taxing policy remains the same
SGB 2023 is still open I guess. If you don't intend to use gold for ornaments anytime soon this is a good option.
Capital gains are tax exempted. Plus 2.5% additional interest per annum.
Hiccup - lock in for 5 years minimum.
Other option is to get gold coins using gift cards purchased from rewarding credit cards like axis gyftr or directly from Ecom websites when they offer 10% discount. You get them at lower than market price. Will be taken by shops at current market price when you exchange them to purchase gold ornaments in future but will incur some charge if you intend to sell them for cash.
What is the time frame you are looking at for holding the investments in gold related security?
And what are the chances that you might require them (money invested in gold) before your intended holding period?
First, think on the tenure & your financial needs/plans for the next few years.
1. SGBs - 2.5% p.a. interest. Sovereign guarantee. 5 year lock-in & then you can trade in secondary market on exchanges. Total tenure 8 years for redemption. Hassle free but lock-in & liquidation b/w 5-8 years can be a bummer. Not always easy to liquidate too.
2. Physical Gold - Easy to buy & liquidate. But some charges (seemingly invisible) involved + GST on each transaction. Ultimate flexibility w.r.t. tenure/lock-in. Holding/Storage/Safety aspect involved - If you use banker lockers for this, additional charges shall creep in then.
3. Digital Gold (MMTC, GPay, Safegold, etc) - many options to buy. Again easy to buy & liquidate (supposedly not easy to buy more than 50k in 1 transaction - not sure on this; atleast Gpay has this restriction. Some others may have some other buying/selling restriction too!). PLEASE check all details of the platform before transacting. No Holding/Storage/Safety aspect here. Plus, you will save on those additional/making/invisible charges. Some sites also give an option to convert to physical gold coins later with some additional charges.
Gold ETFs - Personally, I don't recommend Mutual Funds etc for investment unless there is no other option, primarily due to the expense ratio & charges methodology. {Mutual Funds are a well-crafted instrument created by these financial cos to loot the lowest rung of the investor pyramid!!}
But if you are not gonna transact repeatedly, you can choose a gold ETF too.
Do remember that in some of the options above, you can think of investing in a SIP format too, if you NEED so. For e.g. Buy physical gold worth INR 5k every month for the next 12 months.
The best part always in creating your own SIP model - you can time your purchase as you wish by tracking market prices. For e.g. I can buy it on 2nd July for July month & then maybe on 23rd Aug for Aug month & still be financially disciplined
Choose wisely!