How to Invest in Gold for Maximum Returns in the Upcoming Budget 2024-25
08 Aug 2024
How to Make the Most of The ‘Gold’en Budget
The Union Budget 2024-25 has proposed custom duty cut from 15% to 6% on gold which is positive for investors looking to invest in gold. There are multiple avenues through which one can invest in gold and investors should be aware about the differences in each avenue before investing.
Advantages of Gold Investments
Acts as hedge against inflation
Portfolio diversification via commodities
Historically, gold makes for a stable long-term investment, particularly during market uncertainties
Gold can be a great investment for investors for its many benefits viz. portfolio diversification and counterweight to inflation and market uncertainties, and the custom duty cuts in the budget have made it that much more attractive.
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