Is Digital Gold A Good Investment

With surging rates and additional popularity of gold after the pandemic, people are looking out for different kinds of gold investments in the markets. Digital gold is one of those gold investment options where you do not need to store the gold physically or go to the jewellers' shops to purchase it. Rather you can just store it in your virtual locker. It is a 24 carat 99.9% pure gold investment, virtually. Anyone can buy gold from any online platform.

Unlike typical online purchase of gold, where you have to spend a specific sum of money, ‘digital gold’ investments can be made for as low as Rs 100 with absolute surety of gold’s quality.

Problems with Typical Gold Purchase

There are several challenges with the outdated gold purchase process. These include:

• The buyers need to shell out sums large enough to buy a gold ornament, coin or bar
• The other challenge is to ensure safety of the gold item purchased
• The quality of gold varies from authorized hallmarked gold jewelry to non-hallmarked gold. Thus, your jeweler might charge you the market rate of gold, while actually selling you a lower value of the yellow metal

How Digital Gold Solves these Problems?

The innovative digital gold option offered by various platforms has resolved these problems and brought gold within everyone’s reach. You can invest in digital gold easily by taking the following steps:

• Check the latest gold prices on a platform that allows you to buy digital gold
• Buy gold for any amount starting from INR 100 and multiples thereof
• The gold equal to the value of money spent by you on digital gold is purchased in your name and stored safely in service provider’s vaults on your behalf (just like you put your gold in a bank locker, but, without any locker fees)
• Whenever you want, the gold can be delivered safely to your address
• Alternatively, you have the complete freedom to sell your digital gold at the real-time market prices whenever desired

Benefits Of Digital Gold Purchase

You can buy and sell digital gold from anywhere, within minutes and get complete value for it. Some other benefits of digital gold are highlighted below:

• No cost of storing digital gold
• Get real-time market price whenever you buy or sell digital gold
• Purchase or sell gold from the comfort of your home in a matter of minutes
• No need to spend large sums as digital gold investments start at INR 100
• Premium safety for the gold you bought
• It works as one of the best options to choose as a wedding gift for your loved ones!

Conclusion

The digital gold innovation has brought gold within the reach of everyone. Wherever you are, no matter what amount you wish to invest, digital gold will always offer real-time access to market prices, quality assurance, and safety. Not only that, unlike the hassles of selling gold conventionally, digital gold can be sold for full value within minutes.

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