Investing in gold seems like a good idea because it has given fantastic returns year over year. Remember Gold prices also come down so there is no guarantee of making money here. If you buy high and sell low you will lose money. So always spread out your puchases. If you want to invest Rs 100,000 buy 10,000 worth of gold every three months or so. Better still would be to wait for a 15% correction in gold prices ( which usually come twice a year) and then buy. Don't be fearful to buy gold.
Now the actual buying part. Buying Jewellery for investment purpose is not a good idea. Instead buy gold bars from Banks like HDFC Bank or ICICI Bank. Almost all banks offer 10 gms gold biscuits with .999 purity.
THe Best way to buy Gold is to buy goldbees from the NSE ( National Stock Exchange). You can buy minimum 1gm of gold at the current prices ( prices mirror actual gold prices ) and transfer it to your Demat account just like any other company stock. There is no risk of theft and you dont have to do any paperwork or go to the bank every time to check on your gold. You get the appreciation if gold prices move higher and vice-versa. You can sell your Gold Bees anytime you want through a broker ( or yourself if you trade online).
I think its the best way to buy gold rather than to buy physical gold and worry about its safety all the time.
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