How does one go about investing in gold? Traditionally, this was accomplished by the purchase of actual gold in the form of jewellery, bullions, artefacts, or coins. However, there are other forms of gold investments available today, such as gold mutual funds and gold ETFs (exchange-traded funds), which are also popular choices.Investing in gold exchange-traded …
How does one go about investing in gold? Traditionally, this was accomplished by the purchase of actual gold in the form of jewellery, bullions, artefacts, or coins. However, there are other forms of gold investments available today, such as gold mutual funds and gold ETFs (exchange-traded funds), which are also popular choices.
Investing in gold exchange-traded funds (ETFs) is similar to purchasing a comparable amount of physical gold, but without the disadvantages of needing to keep physical gold on hand. There is therefore no risk of robbery or burglary because the gold is housed in Demat (paper) form.
When it comes to commodity trading, many individuals are skeptical and do not know how to start trading in the commodities market.
Best Gold Trading Companies in India
GoDoFX
Gold trading on GoDoFX platform is simple. Following four easy steps, you can become a member of the gold trading market.
Step 1: Register to apply for an account
Step 2: Submit the required documents for verification
Step 3: Deposit your funds
Step 4: Become a member and begin gold trading
Advantages of Trading with GoDoFX
- Trade on the powerful Meta Trader 4 trading platform.
- GoDoFX has a lightning-fast execution speed
- Complete and total transparency throughout the process
- Helps you easily diversify your investments
Sharekhan
Sharekhan is one of India’s oldest and most well-known commodity trading companies, having been established in 1985. You can benefit from their portfolio management services in addition to the services they provide as a broker. The most significant disadvantage of sharekhan is the exorbitant brokerage fees it charges. In order to avoid losing money while starting out, novice traders should only use inexpensive brokerage firms.
Sharekhan is well-known among its customers as a customer-friendly brand, and they go to great lengths to ensure that their users have a positive experience with them.
They provide regular hand-holding solutions in the form of emails, text messages, and regular updates to the users, all of which are free of charge. Creating a Sharekhan account is a simple and straightforward process!
Upstox
Upstox, which is backed by Ratan Tata, is one of India’s most popular trading platforms. This Mumbai-based stock brokerage company was the first to open over 1 lakh accounts in a single month.
They also have a fixed brokerage fee option where you pay INR for 20 for each trade. They also offer promotional services such as one-month $0 brokerage to attract more customers.
This is mostly done to entice new traders to sign up for their platform. Users can only trade on the MCX exchange when it comes to commodity trading. Upstox also provides outstanding client service.
MasterTrust
MasterTrust has been able to gain a fair market share by charging a minimum brokerage of only 0.07 percent. It is one of the most widely utilised platforms among commodity dealers. They are backed by a strong research staff that regularly publishes their commodity trading analysis and suggestions with users.
In addition to equity and F&O, the master trust works in other areas. The margin offered is over two times the amount of the trading, which is rather good! They, like others in the business, provide flat brokerage plans through their discount broking subsidiary, My value trade. It is a well-known stockbroker in the sector because it offers both a bargain and full-service choices.
IIFL
IIFL Securities has established itself as one of the greatest brokers in the stock market. The company was founded in 1995 and is now led by CEO Nirmal Jain. In terms of brokerage, the company charges a minimal commission, which is something that all traders like. Investor Plan, Premium Plan, and Super Trader Plan are the three types of accounts offered by the company.
If you choose the investor plan, you will pay 0.025 percent in brokerage, while the premium and super trader plans will charge you 0.05 percent and 0.015 percent, respectively.
Conclusion
If you want to get into the commodity market, you’ll need to first identify a stockbroker who can fulfil your needs. You can start trading in the commodity market after opening a Demat and a trading account with them.
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