You can do it in 3 ways
1. Buy solid gold and keep it safe. Typically buy it from a trusted jeweler.
2. Buy the Gold Funds. You can invest in gold and its valuation but need to stock it by yourself. Being Indian, its easy to sell funds than selling gold. Get in touch with your funds manager.
3. Invest in gold schemes. Its typically available with jewelers. Its a bit risky but its worth a try.
Comparing to gold , Bank/ Postal deposit is more benefited. Normally gold and silver prices will hike once in 10 years. It will take another 10 years to get another boom. Any how a minimum quantity of Gold is required for marriages. If it is shortly required we can purchase Gold. Otherwise Cash deposits is much benefited.
If not able to take right decision we can invest in both as 1: 2 basis i.e. 1part Gold : 2 parts deposits. Don't invest in any schemes/gold mutual buy only 99.99 or 99.95% gold from the banks / reputed jewelers and kept in safe.
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