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A lifetime high of Rs 91,700 per 10 grams was reached by 99.5 per cent pure gold, up Rs 1,100.
Gold touched all-time high amid macrolevel uncertainty and Trump’s tariff push
Gold prices in the national capital jumped by Rs 1,100 to a new high of Rs 92,150 per 10 grams on Friday, according to the All India Sarafa Association. On Thursday, the 99.9 per cent pure precious gold was priced at Rs 91,050 per 10 grams. In FY25, the price of gold jumped by Rs 23,730, or 35 per cent, from Rs 68,420 per 10 grams on April 1 of the previous year.
For the third consecutive session, the price of gold of 99.5 per cent purity increased by Rs 1,100 to reach a record high of Rs 91,700 per 10 grams. The last market closing price was Rs 90,600 for 10 grams.
Given that prices are hitting all-time highs, potential investors might be reevaluating the conventional method of buying gold. Alternatively, you can invest in gold without managing its security and storage, thanks to many options.
Below are a few ways to invest in gold without purchasing it physically:
Mutual Funds for Gold
These funds invest directly in gold mining companies or actual gold. Because they are professionally managed, they can provide exposure to the gold market and diversify your portfolio.
Sovereign Gold Bonds (SGBs)
These government-issued bonds have interest payments and are correlated with gold prices. For example, in India, SGBs offer returns that are determined by the market price of gold plus an extra fixed interest rate.
Issued by governments, these bonds are linked to gold prices and offer interest payments. In India, for instance, SGBs provide returns based on gold’s market price, plus an additional fixed interest rate.
Note that the government has paused SGB scheme for an indefinite time being.
Exchange-traded funds (ETFs) for gold
Gold ETFs track the price of gold and are traded on stock exchanges. They provide a straightforward and reasonably priced way to invest without worrying about storage or security.
Gold Mining Stocks
One way to gain indirect exposure to gold prices is to invest in companies that mine gold. Gold prices and the efficiency of the company’s operations both affect stock performance.
Gold Futures and Options
Agreements to buy or sell gold at a certain price in the future are known as futures and options contracts. For seasoned investors who are aware of market speculation, these are perfect.
