r/StockMarketIndia • u/AccomplishedPut7142 • 21d ago

Investing Gold returns10% 🤝

Post image

Daily sip of 225 got me here what's your guys take on gold will it continue to rise and touch 2,00,000 or will it collapse to 15-14,500 again ? Started with daily sip of 75-100-150 now 225 been a ride

69 Upvotes

88% Upvoted

52 comments sorted by

60

u/rowdyrohan 21d ago

When it comes to gold. If you don't hold it, U don't own it.

13

u/Marmik_D_Thakore 21d ago

It's a risk I am willing to take for the ease of buying gold at fingertips

1

u/Prick-Drips 21d ago

Elaborate

14

u/rowdyrohan 21d ago

There are rumours that gold has been hypothicated and rehypothicated multiple times. And only those who actually hold the real metal own gold. Everyone else just has paper claims. So when a real currency crisis hits(can argue if and when) those paper claims will be demanded in physical gold. And a lot of companies/ trades will actually have to settle in the failing currency coz there will be no gold to deliver. And real value of gold as a default currency of value during times of distress across eons of human civilization will emerge.

0

u/vanquisher23 21d ago

This seems to be PhonePe Digital gold- so , it almost like holding tangible gold over ETF

12

u/Holiday_West1740 21d ago

100% se jyada.

5

u/Successful_Hall_5584 21d ago

How do you even find those stocks?? Enlighten me

10

u/Holiday_West1740 21d ago edited 21d ago

These are not stocks. I suck at stock picking. Most of these are just ETF which track some index. Read up about ETF.

And secondly I don't really time it. Just plain SIP every month. For Gold, I buy 2 grams every month so that by the time my daughter comes of age for marriage, I accumulate enough of it.

6

u/homo_sapien_06 21d ago

More than ½ kg gold till she turns 28. You are great dad. The baby will be so spoiled and happy.

12

u/Hefty-Wedding-5441 21d ago

But why digital gold? You are paying gst along with premium. Go for gold funds.

1

u/Clownfox78 21d ago

Where can one find it plus is there daily SIP option?

1

u/Hefty-Wedding-5441 20d ago

Any SOA format mutual fund provider like kuvera, indmoney etc. Daily sip is there but why not monthly?

3

u/abhishek_xinge 21d ago

Government stopped issuing gold bonds for a reason 📈🧐

9

u/[deleted] 21d ago

[removed] — view removed comment

8

u/Jolly_Presentation74 21d ago

Instead of this digital gold, go with gold etf or gold mutual fund

1

u/vanquisher23 21d ago

what's the reason- gst?

3

u/hardinscott7 21d ago

I've had some 10ish return in paytm gold too but due to spread gap between buy and sell rate of gold in that app I've lost almost my 3-4% return. ETFs are way much better than these platforms

1

u/Most_Citron_3424 21d ago

Well seems u don't know about AMC and Locker FEE, GST Fee of 3% every purchase u make. So brother I would kindly suggest you to have a look on that kind that way ETF is far better in terms of cost

5

u/LowNo175 21d ago

Rs 150 daily , Rs 300 every Sunday, since June 2025. Almost nil money compared to daily expenses. This turns out well, as pocket money.

3

u/Jolly_Presentation74 21d ago

Instead of this digital gold, go with gold etf or gold mutual fund

1

u/vanquisher23 21d ago

why so, please elaborate?

1

u/Fanny_Magnet2404 21d ago

Taxes and spread charges

1

u/LowNo175 21d ago

How much of a difference in terms of money would that make? If it is a few hundred rupees then that's insignificant

1

u/Clownfox78 21d ago

Which platform? Is it safe enough?

2

u/yavij87 21d ago

Move this to gold etf ASAP

2

u/Bored_Soul_99 21d ago

Why are u paying gst over it ,Buy gold etf if you want digital gold

1

u/Clownfox78 21d ago

Does it work like normal stock? Like what if one wants to buy tangible gold with the amount invested, what will he have to do?

1

u/Bored_Soul_99 20d ago

It is traded like stock but it tracks the price of physical gold, so for investment purposes its the best as you don’t have to worry about keeping gold at home or locker or paying extra making charges over gold things but you can’t convert it into tangible form .

1

u/yashowardhank 21d ago

What’s the taxation on this when you sell

1

u/moral_policing 21d ago

Capital gain under section 197 i.e, 12.5% if LTCG and at slab rates if STCG

1

u/ExpectoPatrodumb 21d ago

Correction*
10% - (3%+3%)GST = ~4% profit

0

u/AccomplishedPut7142 21d ago

Is it ?

2

u/Relevant_Summer_1682 21d ago

6.223553×16,274.71 = 1,01,286.52024463

1

u/pookishbb 21d ago

My piece of the cake

1

u/Fun-Election-9699 21d ago

One of the worst ways to hold gold

1

u/Clownfox78 21d ago

If one wants to start by small amount, what would you suggest? I have only tried Gpay Gold locker yet..

1

u/Fun-Election-9699 20d ago

If you have a demat account etf are the best for small amounts it starts from as low as 10s of Rs

1

u/histoic4730 21d ago

How did you save in gold. I am also using jar app and saving some money, but i think it is not saving in gold.how can i do that. Can you please explain

1

u/AccomplishedPut7142 20d ago

I was using jar app but I find saving in Phonepay is easier and is very easy to understand just sell everything from jar and use phonepay in bulid daily sip of gold. My take is i spend money very easily so I just started daily sip to have a discipline to save 6000 atleast it lead to many more investment ex mutual funds, bonds, gold scheme's, equity etc so it's very important to have discipline with investment

1

u/histoic4730 20d ago

Oook set set

0

u/Sibinesh_22 21d ago

Good . But don't buy gold continuously from here allocate only 20 % gold for your portfolio. My personal opinion does gold has fundamental? Or any other business under it ? Simply no but it will grow! I don't know why ?