Amid gold rally, should you buy gold ETFs over physical variant? 5 key advantages explained

It is recommended to invest in gold ETFs over physical gold.
Gold prices have been rising quite fast in the past few weeks. Gold prices stand at ₹86,793 per 10 grams (24 carats) and at ₹79,573 (22 carats).

Although the price witnessed biggest weekly drop of 2.5 percent after eight weeks of gains last week, but it still remains higher by 2.2 percent for February.
Investing in this precious metal is considered safe when the market is volatile. Additionally, when seen through the lens of investing, digital gold and ETFs are considered better than physical gold which some even refer to as consumption.
“When you want to make the most of gold investment, the only way to do it is by investing digitally. Physical gold involves additional cost such as making and storage cost, which reduce the return on growth,” says Sridaran Sundaram, a Sebi-registered investment advisor and founder of Wealth Ladder Direct.

Although gold prices saw their biggest weekly drop of 2.5 percent after eight consecutive weeks of gains, but they still remain higher by 2.2 percent in the month of February.

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