When it comes to gold, investing in digital gold can be a lucrative way to make money. While physical gold can be expensive and difficult to acquire, you can invest in digital gold to make it affordable. Digital gold investment is possible on various platforms, including Groww, Motilal Oswal, and Paytm. It is easy to purchase digital gold on these platforms, as you can invest by weight or INR, and pay using multiple payment methods. Your digital gold investment will be stored in a secure locker, which is completely insured.
The best thing about digital gold is its simplicity. It can be purchased for as little as Rs. 1 and is backed by 99.9% pure gold. It can be redeemed for either cash or gold. You can also borrow money against your digital gold investments, so you can buy gold with smaller amounts. The advantage of digital gold over physical gold is that it is easy to buy and sell small amounts. Buying and selling digital gold is also much cheaper than investing in physical gold.
Another advantage of digital gold is its ease of use. You can invest your money on this asset at any time of the day or night. The flexibility of digital gold investments also gives you the chance to sell or buy it whenever you want. Moreover, you can even opt for storage and insurance charges if you wish. There are many advantages to investing in digital gold. So, what are you waiting for? Get started today and make money! You’ll thank yourself later.
Digital gold investment is an excellent way to diversify your investment portfolio. It allows you to make purchases with low minimums and invest for the future. In addition to this, you can use digital gold as collateral for loans. It is stored in a secure vault, insured, and held by the seller. With this option, you can easily track the value of your digital gold investments online. With the ease of digital gold and the security it provides, it is a great way to build a diversified portfolio. You’ll have the added benefit of passive income, and no need to worry about the safety of your assets.
There are a few disadvantages to investing in digital gold. First, there are no regulators. There is no SEBI or RBI to oversee digital gold. It is also illegal to purchase digital gold through brokerage platforms. While gold is a legal asset, there is no regulation on digital gold. The company behind Digital Gold has a maximum holding period of 5 years. Besides, no one has audited it, so there’s no way to know how much gold it keeps.
You can make a digital gold investment on e-wallet platforms such as Motilal Oswal or HDFC securities. Another option is to invest in a company like SafeGold or Augmont, which will put the equivalent physical gold on your name in their vault. In case your digital gold is not worth investing in, you can simply sell it and order physical delivery from a jeweller. In this way, you can avoid the transaction fees that come with physical gold.