There are 3 major problems of buying gold physically.
(1) You are sold gold at a price higher than the market price & gold is bought from you at a price lower than the market price.
(2) Purity, Making Charges & Storage is a big problem with physical gold buying
(3) When you sell your physical gold, you have to pay a 3% GST
None of the above are a problem in Gold MF’s.
- Bought & Sold at the market value
- No tension of purity, making charges or storage
- No GST
P.S. – I write to make you a better investor
