Things To Keep In Mind While Investing In Gold | CA Rachana Ranade | #shorts #backtobasics

Things to keep in mind while investing in Gold:
1.Form of investment: If you’re purchasing gold just for investment purposes and not planning to use it in the form of jewellery, it is better that you buy bars/coins as you can save on the making charges of the jewellery.
2.Purity: Keep in mind, if gold is purchased in the form of jewellery, the purity should at least be 22 karats, and if in the form of bars or coins, it should be 24 karats.
3.Authenticity: The Bureau of Indian Standards (BIS) is responsible for certifying the purity of gold. They provide a hallmark on the gold quality. Investors should pay attention to the stamp and date of such a hallmark.
4.Long term investment: Gold as an investment avenue should always be looked at as a long-term investment, as it takes minimum 5 years to see the desirable returns.

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