The festive season is back, and like many Indian households, you might also be thinking about buying gold.
But this time, before you head to the gold shop, we want to share the digital gold investment benefits that might change your mind about buying physical gold.
Unlike physical gold, digital gold offers great advantages to enhance your investment strategy. Digital gold provides the same value but with added convenience and flexibility. This means you can invest in gold without the physical burden, easily track your investments, and even buy or sell with just a few clicks. Nowadays, investing in digital gold has become the most popular choice among young Indians due to its convenience and accessibility through online platforms.
In this guide, we’ll explore the top benefits of digital gold over physical gold.
So, let’s explore why digital gold might be the perfect fit for your festive gold-buying plans.
Benefits Of Investing in Digital Gold
“Is digital gold safe?” If this is your first concern, you should explore the benefits below to find your answer.
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Convenience of Buying and Selling Digital Gold Anytime
Digital gold offers unparalleled convenience compared to traditional gold investments. Gone are the days of visiting jewelry stores to purchase physical gold. With digital gold platforms, you can buy or sell gold anytime and from anywhere, all with just a few clicks. You can access the gold market and make transactions easily.
Unlike physical gold, which can be challenging to sell quickly and at a fair price, digital gold offers the flexibility to sell anytime, 24/7. This means you can liquidate your investment whenever you want without the hassle of finding a buyer or handling the logistics of physical gold.
It’s like the flexible option to build a gold portfolio where you can manage your purchases and sales from the comfort of your home via a digital platform.
You can invest in digital gold while your family discusses future investments—just buy it on the spot without waiting for the next day. Simply scroll, add it to your cart, and make the purchase. You can also invest while enjoying your festival holiday vacation. This flexibility is ideal for busy people who appreciate the convenience of online shopping.
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No Storage or Safety Concerns with Digital Gold
One of the great benefits of digital gold is that it will take away your worries about storage and safety that come with physical gold.
Unlike traditional gold, which requires secure storage facilities to protect against theft, damage, or loss, digital gold is stored electronically in a secure vault. These vaults are regularly inspected by independent third-party auditors to make sure everything is safe and accounted for.
This makes digital gold a safe and secure option for those who want to invest in gold without the complexities of physical ownership.
Your digital gold will be as safe as a bank vault, providing you peace of mind and eliminating the worries of physical storage.
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Cut Costs with Digital Gold Investment
Investing in digital gold is a smart way to save compared to physical gold. With digital gold, you skip costs like storage fees, insurance, and making charges that come with buying physical gold. This makes digital gold a more budget-friendly option.
While there are no making charges when you buy, hold, or sell digital gold, please note that if you decide to convert your digital gold holdings into physical gold, you will need to pay GST and making charges.
However, many digital gold platforms, like DigiGold, offer free delivery for physical gold, so you can save on shipping costs. This flexibility allows investors to take advantage of the lower costs of digital transactions while still having the option to own physical gold whenever they want.
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Fractional Investments
Want to invest in gold but don’t have enough money for a whole bar? No problem!
Unlike physical gold, where you’re stuck buying whole coins or bars, digital gold lets you start investing with as little as ₹1 with Digigold. That’s right, you can buy tiny pieces of gold!
Its fractional investment feature means you can buy small portions of gold, helping you spread out your investment over time. This approach is great for managing costs, as it smooths out the impact of gold price fluctuations.
Plus, it gives you the flexibility to invest regularly or make occasional purchases based on digital gold investment trends. Overall, digital gold makes investing easier and more flexible to fit your budget and financial goals.
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Gold SIP Option
One of the attractive features of digital gold is the option to invest through installments, similar to a Systematic Investment Plan (SIP) in mutual funds.
You can start investing in gold with as little as ₹500 through periodic installments. This approach is particularly beneficial for those who want to invest regularly in gold but may not have a large lump sum to invest upfront.
By investing systematically, you can average out your purchase price over time, reducing the impact of market volatility. This approach allows you to gradually build a significant gold portfolio over time, even with small, regular investments.
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Gift Gold to Loved Ones Instantly, Without Shipping Costs
Instead of traditional gifts that can be forgotten or broken, digital gold offers a thoughtful and unique present that your loved ones will cherish.
It’s so easy: Simply buy digital gold on a platform like ours and instantly transfer it to their digital wallet. No need for shipping or wrapping! They can easily create an account on a digital gold platform and receive your gift directly into their digital vault.
Imagine their surprise when they open a digital gift and see gold waiting for them! This is a thoughtful and unique gift for birthdays, anniversaries, or any special occasion. Plus, your loved ones have the flexibility to sell the digital gold or convert it into physical gold at any time without the added shipping costs.
It’s a gift that keeps growing: As the price of gold fluctuates, their digital gold investment could appreciate over time. This makes it a truly memorable and valuable gift that shows you care.
How to Buy Digital Gold
Step 1: Download a trusted digital gold app from the App Store or Google Play Store.
Step 2: Verify your account by completing the KYC process with your personal details.
Step 3: Open the app and navigate to the “Gold” section.
Step 4: Select the amount of digital gold you want to buy.
Step 5: Choose your payment method—debit/credit card, net banking, or UPI—and complete your purchase.
Step 6: Keep track of your gold investment directly within the app.
Go Digital for Greater Gold Benefits
So, you’ve seen how digital gold can offer a more convenient, affordable, and secure way to invest in gold. With no need for storage and lower fees, digital gold offers a superior investment experience compared to traditional physical gold. Additionally, it allows you to buy and sell anytime and invest in small amounts.
Plus, you can even gift it to your loved ones instantly! Digital gold is the future, and it’s here to stay. It’s time to embrace the digital age and get the full potential of gold investing.
Don’t miss out on the benefits of digital gold. Start investing in digital gold today with DigiGold, a trusted platform that makes gold investing easy and accessible.
