look news india
Digital Gold Investment: Gold has been a popular metal for centuries in India, which is the second largest consumer of gold jewellery in the world. Indians have about 21000 tonnes of gold. Want to buy gold in the festivals starting from Shravan month but do not have money. So don't worry, with the digital age the way of investing in precious metals has also become modern. Many Indians are now preferring digital gold over physical gold. Which shows that the purchase of digital gold will increase in the near future. Let us know the method and benefits of buying in digital gold…
In a survey conducted by NAVI, 39 percent of people are buying digital gold instead of physical gold. The main reason behind this is theft. There is a constant fear of physical gold being stolen. Whereas digital gold offers the same purity and price as a safe investment opportunity. 36 percent of people prefer the digital mode to buy 24 carat pure gold to avoid being cheated on purity aspects.
Cheaper than physical gold
Digital gold is cheaper than physical gold. With a nominal investment of Rs. 100, you can enjoy gold shopping. Therefore, most investors, especially the youth, are preferring digital gold to take advantage of buying gold even with less capital. Notably, there is no settlement or making charge on digital gold.
How is investing in digital gold possible?
Many fintech companies are offering digital gold on their platforms. You can spend Rs. You can start with a nominal investment of 100. You can also make digital transactions and sell gold at market price. If you do not want to sell digital gold, you can also take physical delivery of it. Different rules apply on different platforms. Some top jewelers are also offering the opportunity to buy gold digitally at nominal rates through digital gold platforms.
Gold gave attractive returns
When there is geopolitical crisis, inflation, economic instability, precious metals emerge with attractive returns. Since the Corona epidemic, attractive returns have been seen in gold. So far this year, the price of gold has been around Rs 2000. There has been an increase of 10000. 50 percent of people believe that gold has been successful in giving good returns before. 25 percent said that they can invest, sell and track digital gold anytime through apps providing digital gold. That's why they choose digital gold instead of physical.
Lack of awareness about digital gold
67 percent of the people surveyed have no knowledge about digital gold. Even today, most people are not aware of the process of investing in digital gold or its benefits. 44 percent of people buy physical gold for touch and feel. There is a need to bring more financial literacy about the benefits of digital gold and address common concerns and questions of consumers.
