I was reading through some article in Money Control where they have asked to invest in Gold and Gold Funds. I had some clarification on these two investments.
If we buy Gold Coins from Bank or any other market, can we resell it to the bank or gold merchant? Do they deduct the usual wastage etc on the sell.
Can any one detail on how the Gold Mutual Fund works.
Your views on this is much awaited.....
2 comments:
Banks wont purchase back the gold coins/bars which they sell.We can sell the gold coins/bars in the open market. Most of the jewellers I inquired will decide the price with respect to that days bullion market rate. They dont reduce any wastage or stuff like that.
Yup SIbi is rite.
But, Gold ETF seems to be an attractive option!!! ofcourse if liquidated less then 1 year itz subject to short term captial gains
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