Select the Best Gold Saving Schemes in India

By Team Gullak
Apr 2, 2024
5 min read

Gold has been deeply entrenched as a preferred investment avenue in India for centuries, owing to its cultural significance and intrinsic value. According to recent statistics from the World Gold Council, India consistently ranks as one of the world's largest consumers of gold, with annual demand exceeding 700 tonnes. This fascination with gold as an investment is reflected not only in traditional methods like physical gold purchases and jewellery but also in the growing popularity of modern gold saving schemes.

The Indian market is witnessing a surge in innovative gold saving schemes, providing investors with a diverse range of options to safeguard and grow their wealth. As of the latest data from the Reserve Bank of India, the total value of gold held in households across the country is estimated to be above ₹100 trillion. This substantial amount underscores the pivotal role that gold plays in the Indian financial landscape.

This article delves into a comprehensive exploration of the best gold saving schemes available in India, shedding light on the intricacies of each option.

Invest in the best gold saving scheme

Factors to Consider When Choosing the Best Gold Saving Scheme

Choosing the Right Gold Saving Scheme is Pivotal

Gullak Gold+ emerges as the prime choice owing to its distinctive features. This online gold savings platform not only offers the convenience of digital investment, but also provides an additional 5% assured returns on top of the annual returns, making it stand out in terms of potential earnings. The flexibility of Gullak Gold+, with no lock-in period, allows you to enter and exit as per your convenience, providing a sense of control over your investment.

Understanding and Aligning Investment Goals is Crucial in Selecting the Most Suitable Gold Saving Scheme

For both short-term & long-term savings, Gullak Gold+ becomes particularly attractive owing to its flexibility and the potential for high returns. Schemes like Sovereign Gold Bonds (SGBs) are also good for those aiming at long-term wealth creation and stability(they have a lock-in period of 5 years).

The Duration for which You Plan to Stay Invested Plays a Pivotal Role in Selecting the Best Gold Saving Scheme

Gullak Gold+ has no lock-in period and is ideal if you value liquidity. The correlation between investment horizon and scheme duration is a key consideration in optimising returns.

You Must Carefully Evaluate Your Financial Situation and Liquidity Needs When Selecting a Gold Saving Scheme

Gullak Gold+ has a low entry point. You can start your investment with as little as 0.5 grams of gold. The absence of a lock-in period further enhances liquidity, allowing you to respond to changing financial circumstances. This contrasts with physical gold purchases, where the budget may be a more significant constraint.

Risk Tolerance

Different gold saving schemes come with varying levels of risk, and understanding your risk tolerance is paramount. Gullak Gold+, being a digital platform, offers the advantage of transparency and ease of tracking investments, potentially mitigating perceived risks.

To facilitate a better understanding of the available options, the following table presents an overview of some of the best gold saving schemes in India -

Investment OptionBasic FeaturesAverage Returns(last 5 years)
Gullak Gold+Digital gold with high returns; fractional ownership; online managementUp to 16% p.a.
Physical GoldTangible asset; full ownership; requires secure storage7% - 10%
Gold Saving SchemesRegular savings plans with guaranteed returns; full ownership5.5% - 7% + bonus
Sovereign Gold Bonds(SGBs)Government-backed bonds with interest and potential capital appreciation; full ownership2.5% - 5% + capital appreciation
Gold Exchange Traded Funds (Gold ETFs) Track gold price; traded on stock exchanges; fractional ownership7% - 10%

Beat returns from all gold saving schemes

Making an informed decision when choosing a gold saving scheme is crucial. It is imperative to conduct thorough research, assess risk and align the chosen scheme with your financial goals and risk tolerance.

Why Gullak Gold+ Stands Out As The Best Gold Savings Scheme For You

Gullak Gold+ distinguishes itself among online gold savings schemes for several reasons:

Extra 5% assured returns: Gullak offers an additional 5% assured returns on top of the annual returns, taking your overall returns up to 16% p.a.

Low entry point: You can start with as little as 0.5 grams of gold.

Flexible investment: Your gold investment isn’t locked in, allowing you to exit anytime without charges.

SIP or one-time investment: Gullak allows you to make regular investments with systematic investment plans or as a one-time investments.

100% bank guarantee: All your investments in Gullak Gold+ come with a 100% bank guarantee, ensuring the security of investments.

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Frequently Asked Questions
Which scheme is best for gold savings?
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Which monthly gold scheme is best 2024?
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What factors should be considered when aligning investment goals with gold saving schemes?
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