Investing in Gold BeES: A Smart Option for Middle-Class Investors
Gold BeES is ideal for those who prefer not to buy physical gold as jewelry but want to invest in gold and enjoy its benefits. This investment option is known as the Gold Benchmark Exchange Traded Scheme (Gold BeES).
One of the key advantages is that you can start investing in gold from as little as 0.1 grams. If you sell this digital gold after 12 months, a 12.5% tax is applicable. If you sell it within 12 months, a 20% tax is applicable.
With Gold BeES, you can buy gold at the current market price, and it is available in 24-carat purity. Experts say that as the price of gold rises, the value of Gold BeES investments also increases.
Importantly, Gold BeES investments do not involve commissions or damages. In contrast, when you buy gold jewelry, the price is often higher than the actual gold rate due to additional charges like making charges, commissions, and GST.
In Gold BeES, your entire investment is converted into gold units, but you cannot physically see or wear it like jewelry. If you are looking at gold purely for investment and not as an ornament, then Gold BeES is a suitable option.
Experts advise that Gold BeES is particularly designed to support middle-class families in building wealth through gold investment.
To invest, you must open a demat account, which can usually be done at the bank where you maintain your regular savings account. Most banks today offer demat account services.
Just like saving money in a savings account, you can invest small amounts over time in Gold BeES. Over the long term, your investment can grow significantly with the rise in gold prices.
By investing wisely in Gold BeES, you can enjoy good returns and benefit from gold`s value appreciation.
