I am a 24-year-old IT professional and started my investing journey last year. My family wants me to buy some physical gold but I am reluctant to buy that. What is the most effective way of buying gold?
From a cost, tax and return perspective, sovereign gold bonds (SGBs) issued by the government of India are possibly the best option. SGBs get you a 2.5% annual interest if you hold these until maturity, which is eight years from the issue date. Capital gains on SGBs are exempt from tax if held for more than three years
