What is digital gold ?
Digital Gold is a digital way of investing in gold . We all aware that , Investing in gold is the most favoured investment options for long time . When purchasing physical gold there is always a doubt in your mind regarding purity of gold , whether it is pure or not ? . But in digital gold you don’t have to worry about safety and purity . You don’t have to worry about losses or theft of digital gold . If you would like to convert your digital gold into physical gold , you can certainly do whenever you need .
Benefits of Investing in digital Gold :
In today digital world so many people of this generation want to invest in digital gold . This is a type of wealth creating investment which is very simple and lucrative . There are so many benefits regarding investment in digital gold .
#1. No limitations on minimum investments :
There are no restrictions on minimum investment , hence you can start your investment journey in digital gold by small amount as you want .
#2. Quality Assurance :
You don’t have to worry about quality , it is safe & secure .
#3. Exchange your digital gold into Physical gold / cash :
If you want to convert your digital gold into physical gold you can do very easily and instantly . If you are in need of cash , you can also convert it into cash .
#4. Loan against digital gold :
Being an owner of digital gold you can use it as collateral and can get loan quickly without any hinderance .
#5. Safe and Secure :
There is no risk about loss and theft of digital gold . But in physical gold there is always a risk about safety and security . If you put it in a locker , then you will have to pay some applicable charge . But in digital gold there is no additional charge is to be applied . In digital gold whole responsibility lies with seller .
As in digital gold price is linked with market so any change in gold price will be completely & instantly reflected in your platform from where you have purchased and you can also take advantage of latest price .
How to invest in digital gold ?
There are several options available to invest in digital gold . you can invest in digital gold through paytm , Google pay , Phonepe , HDFC securities etc . Once you have purchased digital gold of certain amount the trading company purchase an equivalent amount of physical gold and store it under your nae in secure vaults .
There are three companies that offer digital gold investment in India :
- Augmont Gold
- MMTC-PAMP India Pvt. Ltd.
(i)At first you have to visit on the Platform which offer digital gold investment option such as paytm , Google pay , Phonepe , HDFC Securities etc.
(ii) Now enter your amount you want to buy .
(iii)Choose your payment options after doing payment you will get confirmation message .
As people takes gold investment as an asset , as a result the demand of gold increases and hence price increases .