Portfolio Diversification
A diverse portfolio will reduce your investment risk. As you plan your savings, include products in your portfolio that do not have a high degree of correlation. Investing in gold reduces the overall risk and volatility of your portfolio.
Hedge against Inflation
When making investments, it would be beneficial to consider how inflation might affect your returns. Investing in gold shields you from inflation. Inflation reduces the value of a currency. In India, inflation can be higher than interest rates on occasion, resulting in a negative net return on investment.
Choose from a Variety of Options
You do not have to purchase physical gold to invest in it. You could also decide to invest in gold online. Other asset classes for gold, as well as physical and virtual investments, are available.