Joseph Thomas: Is gold a good investment option for NRIs?

(Joseph Thomas is the head of research of Emkay Wealth Management. This op-ed first appeared in The Economic Times on May 14, 2021.)

One can choose to invest in gold through gold funds which are managed by mutual funds. Here, there is no need to hold physical gold, but your gold entitlement will be in paper form. This also allows you to sell or redeem the gold units when you need to move out of gold. There are also gold exchange-traded funds and Gold Sovereign Bonds. All of these obviate the need to hold physical gold.

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