(a) The most common Indian way is holding gold in form of jewellery.
(b) For investment purposes and holding gold; one can hold it in form of biscuits, gold bars and gold coins.
(c) ETF i.e. exchange traded funds and these funds are listed and traded on the stock exchange i.e. investors can buy and sell them like any other stock on the stock exchange, on a real- time basis. All you need is a demat account and a share trading account with a broker or sub-broker who deals in stocks. These are traded in units of one. That means you can buy one or more units at a time. Each unit represents approximately the market value of one gram of gold.
Thus choose the option you are comfortable and relax with an asset hich is going to outshine inflation at any given point of time. However this statement can not be made related to diamonds.
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