SIP in MCX 1 Gram Gold Petal contract is the best option to invest in Gold for the long term. Traditionally Indian’s have invested in the form of jewelry and passed on to the next generations as Gifts during wedding and other traditional festivals.
But as the time changes and during this digital age the love for digital Gold in form of Demat or Comris as in case of MCX 1 Gram Petal has increased.
The various benefits of digital Gold viz a viz traditional jewelry has made it an attractive option among young generation .The comparison is following :
| MCX GOLD 1 Gram Petal | Gold Jewellery |
| Available in 1 Gram | Not Available in 1 Gram |
| Digital Storage | Not Available |
| Gurantee of Purity 999 LBMA Approved | No Gurantee of Purity |
| Can Invest by Systematic Investment Plan ( SIP ) | No Systematic Investment Plan( SIP) Available |
| No Possibilty of Theft | Prone to Theft |
| Can be Converted to Coin with Rs. 100 Per Coin Charges | Option Available but with a Huge Making Charges and Cut |
| Can be Sold anytime on MCX Platform with Transparent price across India | No Transparent Pricing across India |
Above are the few Points which make SIP in MCX 1 Gram Gold Petal very attractive .All you need is a MCX trading and Comris Account ( Demat ) with any of the MCX Members http://myfindoc.com across India and you can start your SIP . Monthly Futures Contract are available for trading for further details check link below .
https://www.mcxindia.com/products/bullion/gold-mini
https://www.mcxindia.com/market-data/market-watch
Also Read : https://financeloaninsurance.com/loanagainstinsurancepolicy/