What are the advantages of investing in Gold ETFs?
Published on 2016-09-27
Gold ETFs do not attract any wealth tax or STT (Securities Transaction Tax), other costs involved are the one similar when trading equities
Buying Gold ETFs eliminated the risk of storage and fear of theft which is generally associated when purchasing physical gold. Later, for social obligations requiring physical gold you can simply sell the Gold ETF and use the money to purchase gold jewellery or gold coins or gold bars
Gold is generally considered as a safe investment and is good to balance the risk element of your investment profile
Returns from Gold ETFs qualify as long term capital gains, if holded for a minimum of 1 year
Click here to get latest gold ETF NAVs in the market.