Digital Gold Investment:
Most people in India invest in gold. Be it a festival or wedding season, people first like to buy gold. You must have often seen that at present people are mostly investing in digital gold. Digital loan is considered safe for investment. It is easier to buy and sell it than a physical loan. During the festival season, many companies sell gold worth up to Rs 100 on their websites or by linking up with any digital gold platform.
What is digital gold?
Known for online information about digital gold. In this you can start investing with as little as Rs 1. You can buy and sell it depending on the market price. There are many companies in India that offer digital gold. In digital gold, you can buy gold ranging from 10 grams to 4 kg.
1- To invest in digital gold, you do not have to pay any storage or carrying cost. In this you do not have to think much about the safety of gold, because digital gold is kept safe in the safe like trading companies.
2- You can invest in small amounts in digital gold. There is no limit for purchasing gold in this. You can buy or sell gold according to its weight or fixed amount. To buy digital gold, the investor always has to get in touch with a third party.Whenever you place an order for digital gold, it is kept in the safe on your behalf and the agent buys the same quantity of gold for the investor. This is the way to buy digital gold. The agent sells the gold at the market value and deposits the money received in the investor’s account.
Who can buy digital gold
Every person living in India can easily buy digital gold. According to the website of Axis Bank, to purchase digital gold, it is very important for a person to have a savings or current account. Digital gold cannot be bought or sold in India by minor account holders and NRIs without NRO account.
Benefits of investing in digital gold
1- You can invest in digital gold with a small amount. To invest in this, you can start even with Rs 1. You can sell it whenever you want.
2- You can also convert digital gold into physical gold.
3- People who have digital gold. They can use it as security for online loan.
4- One advantage of buying digital gold is that you get instant updates on the price of your purchased gold. You can buy or sell gold based on real-time market updates.