Gold, the precious yellow metal has always attracted humans since the beginning of civilization. Over centuries, it
has only grown in value and is considered to be an important asset class that should form part of everyone’s
portfolio. ICICI Prudential Gold ETF is one such scheme that can help your portfolio with benefits of gold. With
this scheme, you can buy gold with a tap of your finger anytime, anywhere during exchange trading hours.
You might say okay but why not physical gold? That’s the way it has always been done but the risk with physical gold is the fear of theft. Transporting physical gold from the shop to your home or to the bank locker or even wearing it as jewellery involves the risk of being stolen. In fact, this is one of the main reasons why individuals limit their gold purchases. Moreover, it’s difficult to be sure of the purity of the gold that you get from the jeweler unless you buy it from a trusted source. Polishing or selling old gold or re-making them might involve a high cost. Selling physical old gold may not be easy and the resale price can also be lower than the ongoing market price.
On the other hand, buying digital gold in the form of units of ICICI Prudential Gold ETF has several advantages. Buying digital gold can give you peace of mind as nobody else can access the units held in your Demat Account. This is by far the most important aspect of buying digital gold when compared to physical gold for investment. You can buy it without worrying about theft. ICICI Prudential Gold ETF invests in standard gold bullion of 99.5%/99.9% purity which provides peace of mind to the investor. The investment is simple and can be done at any time during trading hours at the prevailing market price which is uniform across the country. ICICI Prudential Gold ETF gives you the flexibility to invest in small amounts, i.e. with as less as INR 100. Selling Gold ETF units is as easy as placing a buy order and the units get credited to your demat account. The transactional costs of investing in this scheme are quite low so it can be traded often to take advantage of price movements.
Generally, when the value of the US dollar goes up, gold becomes cheaper and when the value of the US dollar goes down, gold becomes more expensive because of more demand.
You might have heard the term “inflation”. It simply means rising prices or when more money is needed to buy the same goods. Gold is considered a good investment to hedge against inflation since rising prices generally lead to a rise in the price of gold.
Investing in ICICI Prudential Gold ETF in a regular manner can help to diversify your investments by including gold in your portfolio, an important asset class. Investing in ICICI Prudential Gold ETF gives you the benefit of owning gold ETF units without worrying about or having it stolen, unlike physical gold.
Don’t wait for a special occasion to buy gold. You can buy Gold ETF units anytime you want to by investing in ICICI Prudential Gold ETF.
Make Gold a part of your investments without losing sleep over it. ICICI Prudential Gold ETF, Ab #ChainSeSona
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