6 Gold Investments That Have Given 20% Returns In 2016

Gold prices have rallied 20-22 per cent since the start of the year. It has not been so good for gold in the last few years as it has been in 2016. Take a look at 6 gold investments that have given a whopping 20 per cent or more returns since the start of the year. On Jan 1, 2016 gold coins were being sold at Rs 25,200 for 24k. Today, a gold coin of 24k at Bluestone would cost you Rs 31,339 and at Tanishq gold coin of 24k is in excess of Rs 35,000.A whopping gain in excess of 20%.Advertisement If you had to buy sold gold ETFs of UTI Gold Exchange Fund at the start of the year, your fund would be up 22%.Which means good gains of 22.5 per cent in just six months. There is a potential of the precious metal going even higher in the coming months. IDBI Gold Exchange Traded Fund also gave whopping returns of almost 22 per cent for investors since the start of the year.No storage expenses like gold and no chances of theft are the big positives of Gold ETFs. Gold is now the best asset class in terms of returns. SBI Gold ETF has given returns of 22.3 per cent since the start of the year.This means it is the best returns from any investments, given that neither shares nor real estate have fetched you this kind of returns. HDFC Gold ETF is another investment that made good returns for investors. The Gold ETF is up 22.2 per cent.Gold ETFs are listed and can be bought through the stock exchanges. Quantum Gold Fund is up 22.2 per cent since the start of the year. We have been telling our readers to buy Gold ETFs, as they are cheaper and more liquid.There is no cost of bank lockers as these are traded electronically.