How can I invest in Gold from demat account Nimesh Jain, 07 Nov 2012

I have demat in HDFC bank. I heard i can invest in Gold through my demat account. What is the procedure and documentation required.Thanks

Fintotal Answer

You can invest in Gold ETFs through demat account. The procedure is similar to that of buying shares. All ETFs are listed so just look up the price and place buy order for the number of units you want to buy. Each unit corresponds to 1 gm of physical gold except in Quantum Gold Fund ETF where it is 1/2 gm. Investing in gold through ETFs is the best way to accumulate gold from price, safety, tax and all angles considered. Cheers!

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