How will gold perform in next few years, say 5 or 7yrs?
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Planning to invest in Gold. Need fellow dimers opinions please

83°
Deal Subedar
Kaal_Raatri

Hello fellow dimers and friends, I am planning to invest in gold (10gm or more). I have not yet invested in SGBs, not sure if govt is still providing them. (If you invest in these, pls do share your exp & opinions)

1. But apart from SGB, which would the best way to invest in gold as in to avoid extra making charges, fees, etc? 

2. I have seen a few dimers buying gold bars from Amz, Flipkart etc, how safe is that? 

3. Will this also attract taxes in my ITR even if we do not encash the investment?

4. What would be the short-term capital gain on gold on a 5-year investment? (we will invest for min 10 years, preferably more - but still want to know how others think gold will perform in next few years)

Any inputs will be highly appreciated. 

Diwali is near so gold prices are likely going to be high so maybe will wait to invest.

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      Wingman Wingman
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      dont do it
      Deal Subedar Deal Subedar
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      Why? any reasons?
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      Deal Cadet Deal Cadet
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      Gold Bees in demat account

      Deal Subedar Deal Subedar
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      thanks, sounds like a good idea...seems to have given close enough returns to gold consistently..zerodha doesn't charge any extra brokerage on selling/holding ETFs (apart from their 8rs to 20rs tranx fee + 18% GST), is that correct? 

      I am aware that there's a 12.5% tax (LTCG) + no indexation benefit on ETF gold

      image

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      Benevolent Benevolent
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      you can go for Gold MF also. liquidity is high in MF as compared to ETF/Bees.

      edit : just realized its an old post. so where did you invest ?
      Deal Subedar Deal Subedar
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      Yes, gold MF is also something I am considering (if in case u have a name in mind, please suggest)...haven't invested yet as I felt the market was closer to correction (post Diwali) which I believe has started happening..i still think it will correct further in the coming days (so will wait for some more days) and then invest in combination of gold MF + physical gold from Amz/flipkart (the only challenge is having those specific credit cards for me)
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      replyuser
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