There has always been a tremendous craze about gold among Indians. Be it the festive season or the time of marriage, the buying of gold is fierce. With the changing times, along with buying physical gold i.e. gold jewellery, coins, bars, biscuits, now the trend of investing in digital gold is also increasing rapidly. Digital Gold is such an option, in which investing is not only easy, but you can also invest with just Re 1. Looking at the global level, gold has always been a major component of investment.
Digital Gold: What is it?
Digital gold means that you can buy gold in electronic form like ETFs, Gold Saving Funds. Investing in Digital Gold can be started with a minimum of Rs. When you can buy and sell depending on the price in the market. At the same time, when you buy gold in physical format, the biggest challenge is regarding storage. To keep it safe, a strong self has to be made in the bank locker or at home.
Specifically 3 companies in India MMTC-PAMP India Pvt. Ltd, Augmont Gold Ltd and Digital Gold India Pvt Ltd offer digital gold under their SafeGold brand. Airtel Payments Bank also offers DigiGold in partnership with SafeGold. Apart from this, there is also the option of Gold SIP in Mutual Funds.
Digital Gold: 6 Reasons Why Invest
Investing in digital gold is a safe way. In this, you can protect yourself from the ups and downs of the market. Here are 6 such reasons why you should invest in digital gold.
1.) There is an option to invest in 24 carat pure gold through digital gold. Purity Assurance Certificate is issued to the customer.
2.) One of its great features is that you can start investing even a small amount with just Re 1 in it.
3.) The customer can sell digital gold whenever needed. Apart from this, he can also choose to convert his digital gold to physical gold.
4.) In Digital Gold, you don’t have to worry about your safety. In physical gold, you have the responsibility of keeping it in a safe place and ensuring its safety. Whereas, Digital Gold is stored by the seller in insured and secured vaults. For this, the customer does not have to pay any charge.
5.) If you have digital gold, you can use it as an asset as collateral for an online loan.
6.) The advantage of investing in digital gold is that you get instant updates on gold prices. The customer can buy or sell gold based on real-time market updates.
Disclaimer: This is only an update and not any suggestion. The author will not be liable for any loss or damage arising out of investment made after reading this article.