This year, Dhanteras and diwali saw record gold and silver purchases as people invested heavily in precious metals. But buying is just the first step – here’s how you can turn your gold and silver into income without stepping out.
🔹 1. Convert gold Into wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital Gold
· Platforms like Paytm, PhonePe, and google Pay let you convert physical gold into wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital gold.
· wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital gold is secure, insured, and can be sold anytime at current market rates.
· This allows you to earn from price appreciation without the hassle of storing physical gold.
🔹 2. Use gold as Collateral for Loans
· Many banks and NBFCs offer gold-backed loans.
· You can pledge your gold to get a loan at low interest rates while still retaining ownership.
· This is a smart way to liquify your investment for emergencies or opportunities.
🔹 3. Invest in Sovereign gold Bonds (SGBs)
· Instead of keeping physical gold, convert some holdings to Sovereign gold Bonds issued by the government.
· Benefits include:
o Interest income of 2.5% per year
o No storage worries
o Can be sold on exchanges if needed
· Ideal for long-term wealth growth while still staying invested in gold.
🔹 4. Track silver Prices and Trade Online
· silver can be traded on commodity exchanges like MCX.
· Even small holdings bought during diwali can generate returns if prices rise.
· Online trading platforms allow buying, selling, and monitoring from home.
🔹 5. Monitor Market Trends for Quick Profits
· Use apps or news platforms to track daily gold and silver prices.
· Timing your sale during price spikes can maximize returns.
· Remember: Avoid panic selling – invest with a long-term perspective for better gains.
✅ Key Takeaway
Buying gold and silver during festive seasons is smart, but making money requires strategy. Use wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital gold, bonds, loans, or trading to earn without leaving your home.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk..jpg)
click and follow Indiaherald WhatsApp channel