Gold has been considered a valuable asset for centuries, providing both an emotional connection and a hedge against economic uncertainties. In today’s digital age, buying gold is easier than ever, and platforms like Angel Broking have made the process even more accessible. Whether you are a seasoned investor or a beginner, learning how to buy gold through Angel Broking is a great way to diversify your investment portfolio.
This article will guide you through the steps of purchasing gold on the Angel Broking platform, explain the benefits of investing in gold, and provide some tips for making informed decisions.
What is Angel Broking?
Angel Broking is a well-known stock broking platform in India, offering a range of services for investors and traders. It provides an easy-to-use app and website that allows users to invest in stocks, mutual funds, commodities, and even gold. The platform is known for its low-cost trading services and strong customer support, making it a popular choice for beginners and experienced investors alike.
Angel Broking allows users to buy physical gold, gold ETFs (Exchange Traded Funds), and digital gold. By providing various options, it makes it easier for investors to select the type of gold investment that aligns with their financial goals and risk tolerance.
Types of Gold You Can Buy on Angel Broking
Before you jump into buying gold, it’s essential to understand the different types of gold investments available on the platform. Here are the main types of gold you can buy on Angel Broking:
Physical Gold
Physical gold refers to gold coins, bars, or jewelry. Although it is not directly available for trading on the Angel Broking platform, you can buy gold through other channels like jewellers or auctions. For physical gold, it’s essential to consider the storage, security, and purity before making a purchase.
Digital Gold
Digital gold allows you to buy gold in a digital form, where the gold is stored in your name by a trusted gold provider. When you buy digital gold through Angel Broking, it is backed by real physical gold and can be bought in small quantities. The main advantage of digital gold is its convenience, as you can easily buy and sell gold online without the hassle of dealing with physical storage.
Gold ETFs (Exchange Traded Funds)
Gold ETFs are a type of investment fund that is listed and traded on stock exchanges. They invest in gold and track its price. By purchasing gold ETFs through Angel Broking, you gain exposure to the price movements of gold without owning the physical metal. ETFs are a great choice for investors looking for liquidity and ease of trading.
Sovereign Gold Bonds
Sovereign Gold Bonds (SGBs) are government-backed securities that offer an alternative to physical gold. These bonds are available for subscription at certain times throughout the year, and their value is linked to the price of gold. SGBs also provide an annual interest rate in addition to potential capital gains. You can buy these bonds on Angel Broking during the subscription period.
Steps to Buy Gold in Angel Broking
Buying gold on Angel Broking is a simple and straightforward process. Follow these steps to make your purchase:
Step 1: Open an Account with Angel Broking
The first step in buying gold through Angel Broking is to open an account. You will need to provide your personal details, such as your name, address, and PAN (Permanent Account Number), and verify your identity. The process is completely online, and you can complete it through their website or app.
Once your account is open, you’ll have access to all the features and tools available on the platform, including the option to buy gold.
Step 2: Fund Your Account
To buy gold, you need to have funds available in your Angel Broking account. You can transfer money from your bank account to your Angel Broking account through NEFT, RTGS, or UPI. Make sure that you have sufficient funds to cover the cost of the gold you wish to purchase, along with any applicable transaction fees.
Step 3: Choose the Type of Gold
As mentioned earlier, Angel Broking offers different types of gold investment options. Decide which type of gold fits your investment strategy:
Digital Gold: Choose this option if you prefer a hassle-free way to buy and store gold.
Gold ETFs: Opt for this if you’re looking for a cost-effective way to invest in gold while keeping your assets liquid.
Sovereign Gold Bonds: This is a good choice if you’re looking for government-backed security and a fixed interest income.
Step 4: Navigate the Platform
Once your account is funded and you’ve decided on the type of gold you want to buy, open the Angel Broking app or website and log in. Use the search bar or browse through the platform to find the gold investment options available to you.
If you’re buying digital gold, you’ll find the option under the commodities section.
For gold ETFs, search for the ETF by its ticker symbol or look for gold-related funds in the mutual fund section.
If you’re interested in Sovereign Gold Bonds, look for the subscription option on the platform during the offering period.
Step 5: Place Your Order
Once you’ve selected the type of gold you want to buy, it’s time to place your order. Here, you’ll specify the amount of gold you wish to purchase. If you’re buying digital gold, the platform will show you the amount in grams. If you’re buying gold ETFs or Sovereign Gold Bonds, you’ll choose the number of units you want to buy.
You will be prompted to confirm your order before it is placed. Check the details carefully to ensure that you’re making the right purchase.
Step 6: Payment and Confirmation
After confirming your order, proceed to make the payment. Angel Broking will deduct the funds from your account and execute the purchase. Once the transaction is successful, you’ll receive a confirmation message, and your gold will be credited to your account. For gold ETFs or Sovereign Gold Bonds, the units will be reflected in your portfolio.
Step 7: Monitor Your Investment
Once you’ve bought your gold, you can track its performance through the Angel Broking platform. For gold ETFs and Sovereign Gold Bonds, the value will fluctuate according to the market price of gold. Digital gold also tracks the price of physical gold and will rise or fall accordingly.
You can choose to sell your gold at any time through the platform if you decide to liquidate your position.
Benefits of Buying Gold on Angel Broking
There are several benefits to buying gold through Angel Broking, including:
Convenience
With Angel Broking, you can buy gold at the click of a button, anytime and anywhere. The platform is user-friendly and provides a seamless experience.
Transparency
The platform provides complete transparency in pricing, so you always know how much you’re paying for your gold. This helps you make informed decisions.
Security
Angel Broking takes your security seriously. For digital gold and ETFs, your investments are stored securely, and you can easily monitor them through your account.
Diversification
Gold is a proven way to diversify your investment portfolio. By adding gold to your investments, you can protect yourself against market volatility and inflation.
Liquidity
Gold ETFs and Sovereign Gold Bonds are highly liquid, meaning you can buy and sell them easily whenever you need to. Digital gold can also be sold or redeemed at your convenience.
No Storage Worries
When you invest in digital gold or gold ETFs, you don’t have to worry about storing or insuring the physical metal. Everything is handled for you.
Tips for Buying Gold in Angel Broking
Here are a few tips to help you make the most of your gold investment on Angel Broking:
Do Your Research
Before buying gold, take the time to research the current gold market trends. Gold prices can fluctuate, and understanding the market will help you make better decisions.
Invest for the Long-Term
Gold is typically a long-term investment. While it can offer good returns over time, its short-term price movements may not always be favorable. Consider your financial goals and invest accordingly.
Diversify Your Portfolio
Don’t put all your money into gold. While it’s a valuable asset, it should be part of a diversified portfolio that includes stocks, bonds, and other investment vehicles.
Check for Fees
Be aware of any fees that may apply to your gold purchase, such as transaction fees, fund management fees for ETFs, or other hidden charges.
Review Your Investment Regularly
Keep an eye on your gold investment and assess its performance periodically. This will help you decide whether to hold or sell based on your financial goals.
Conclusion
Buying gold through Angel Broking is a simple process that can help you secure a portion of your wealth in a valuable and historically stable asset. Whether you choose digital gold, gold ETFs, or Sovereign Gold Bonds, Angel Broking offers a user-friendly platform with plenty of options for every type of investor. By following the steps outlined in this article, you can begin your gold investment journey with confidence.
Remember to do your research, stay informed about market trends, and diversify your portfolio to maximize the potential of your gold investment. Happy investing!
Related topics:
- Knowing the Weight of Gold: How Many Grams in a Troy Ounce?
- Why Are Gold Coins Different Prices?
- How to Know Gold Purity?
