Learning,
Yes, there are several ways to hold a G chord. Although most players will tell you the best way to hold this chord similar to option A below, I like option B better.
Option A
- 1st (index) finger, 5th string, 2nd fret
- 2nd (middle) finger, 6th string, 3rd fret
- 3rd (ring) finger, 1st string, 3rd fret
Option B
- 2nd (middle) finger, 5th string, 2nd fret
- 3rd (ring) finger, 6th string, 3rd fret
- 4th (pinky) finger, 1st string, 3rd fret
After playing with option A for many years, I found that it was better for me to use option B. I found using this option helped me in several ways:
1. Strenthen your pinky finger for more complex chords
2. Easier transition from G to C or Barre chords (ie. Bm, F#m, etc.)
However, the choice is yours. Depending on your comfort level, you can try both ways and see which is better for you. Let us know which one you decide.
Kahuna