Best Gold Stocks to Invest in India 2023

12 January 2023
4 min read

Publicly traded investments with a strong emphasis on gold are called Gold Stocks.  Investors purchase gold to protect themselves from threats such as inflationary pressures, geopolitical unrest, and economic crashes that could cause the metal's price to be highly volatile. Since the beginning of 2023, that has been the situation. Due to worries about inflation and global politics, gold experienced double-digit gains in the first few months of the year.

While investing in gold, there are many advantages to purchasing Gold Stocks as opposed to the actual metal itself.

Investing in gold companies may offer better overall returns than doing so in gold itself. This is so that these businesses can increase production while cutting costs. These elements may allow gold mining firms to outperform the metal's price.

Not all gold shares, though, perform better than gold. Investors must, therefore carefully select the best Gold Stocks in India to purchase. Numerous businesses specialize in gold mining, giving investors a wide range of options.

Read on for a list of the best Gold Stocks to invest in India in 2023 that we've put together in this blog.

Best Gold Stocks in India

The top six well-known and well-liked publicly traded gold jewellery brand stocks in India are listed below.

 S.No.

Top Gold Company Stocks in India 2023

1.

Titan Company

2.

Muthoot Finance Ltd.

3.

Rajesh Exports

4.

Manappuram Finance Ltd.

5.

Vaibhav Global

6.

Kalyan Jewellers

Factors to Remember Before Investing in Gold Stocks

A lousy hand could cost you your hard-earned money because gold is not a cheap commodity. Here are some things to keep in mind if you plan to buy gold shares in India or already have some-

  • Select Your Investment Strategy

There are three common ways to invest in Gold Stocks: directly in gold mining companies, through gold exchange-traded funds, or gold mutual funds. Before spending money, it is important to consider the advantages and disadvantages of each of these modes by conducting personal research.

  • Keep Yourself Informed

You must remain informed of daily events to be fully aware of your investments.

  • Consult An Expert

When investing, it is natural to feel overwhelmed, which may influence your choice of investments. The cost of hiring a financial advisor may be a little higher, but they might be able to help you obtain the best returns.

  • Tax Advantages

Gold Stocks also offer some tax advantages. Funds can be regarded as non-equity products, such as the SBI Gold Fund. After a year has passed since the initial investment, Gold Stocks can be sold for long-term capital gains. 

  • Begin Small

You can begin by making a modest investment in Gold Stocks. You don't have to have a sizeable sum of money set aside in advance. Instead, start slowly and gradually increase as it becomes more practical for you.

You may also want to know the Best Ways to Invest in Gold

Performance Overview of Gold Stocks

Following is some detailed information and a performance overview of the Gold Stocks mentioned above-

1) Titan Company

Titan Company Limited is an India-based company which is primarily involved in the manufacturing and sale of watches, jewellery, eyewear, and other accessories and products.

The Company's segments include Watches and Wearables, Jewellery, Eyewear, and Others. The Titan Company Gold Stock is a popular and leading Gold Stock in India.

2) Muthoot Finance Ltd.

Muthoot Finance Limited is an India-based gold financing company. The Company is a non-deposit-taking, non-banking financial company which is engaged primarily in the business of financing.

It provides personal and business loans secured by gold jewellery. It lends against the security of household-used gold ornaments (HUG) and does not deal in gold bullion. 

3) Rajesh Exports

Rajesh Exports Limited is engaged in the business of gold and gold products. The Company is engaged in gold refining and manufacturing of various gold products. It produces handmade jewellery, casting jewellery, machine chains, stamped jewellery, studded jewellery, tube jewellery, and electro-formed jewellery.

The Company sells gold and diamond jewellery in retail through its branded retail jewellery chain stores under the brand name SHUBH Jewellers.

4) Manappuram Finance Ltd.

Manappuram Finance Limited is an India-based non-banking financial company (NBFC). The company serves the credit requirements of people belonging to the lower socio-economic classes, particularly in rural and semi-urban areas of India.

The Company offers a range of retail credit products and financial services.

5) Vaibhav Global

Vaibhav Global Limited is an India-based vertically integrated electronic retailer of fashion jewellery, home, beauty, lifestyle, and essential products. The Company offers to customers in the United States and the United Kingdom.

6) Kalyan Jewellers

Kalyan Jewellers India Pvt Ltd is an India-based jewellery retailer, and a popular gold company in India. This is a top Gold Stock in the country. The Company offers Gold, Diamond, Platinum and Silver jewellery products. The Company's brand includes Mudhra, Anokhi, Rang, Vedha, Tejasvi, Apoorva, Ziah, Laya and Glo.

The services provided by My Kalyan include jewellery purchase advance schemes, gold insurance, wedding purchase planning, advance booking of purchases to protect against price increases, sale of gift vouchers, and gold buying tips and education. 

Conclusion

After reading about the various types of Gold Stocks you can purchase, you can now consider purchasing Gold related Stocks in India. Even though investing in Gold Stocks is generally safe, you must conduct thorough research before you start.

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here
Research Analyst - Bavadharini KS

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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