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Digital Gold Investment: Buy Digital Gold Online with Spare8

customer service

One of the benefits of digital gold is that it is easy to trade. Buying and selling digital gold is as easy as securities, making it a convenient option for those who want to invest in gold. What makes digital gold a lucrative investment option is that it works on real-time rates, giving the investor a clear picture and market assurance. Although BGASC offers a complete lineup of gold products, its primary focus is on selling gold bullion coins.

When buying physical gold, you should create storage space to keep the gold safe. Moreover, there is always a risk of theft in the case of physical gold. You can purchase digital gold with an amount as low as Rs 1, and there is no limit on the maximum amount of investment. However, you won’t be able to sell gold whenever you want.

Why and How to Invest in Digital Gold – Axis Bank

Why and How to Invest in Digital Gold.

Posted: Wed, 05 Apr 2023 07:00:00 GMT [source]

The best dealers use SSL encryption and are PCI-compliant. Plus, all their shipments are insured for their full value. SD‘s customer service reviews are generally positive, with customers reporting good access to representatives through chat, email, and phone. Many of the comments highlight the speedy ordering process and reasonably quick deliveries. The company offers free shipping on orders over $199 ($9.95 flat rate for orders under $199). As we’ve already stated, it offers great prices and if a customer spies a price lower than SD Bullion’s, the dealer will match it.

So gold ETFs are more liquid than physical gold, and you can trade them from the comfort of your home. That’s why people are now opting for the safer option to acquire gold – Digital Gold. Every gram of gold in your account is backed by actual physical gold. It is 99.99% pure and saved on your behalf in third-party vaults.

PayPal and credit card orders are charged more as a type of fee. If your primary goal is to invest in gold, then options like gold mutual funds and gold bonds can also be considered. They are just another form of digitally investing in gold but here the transactions take place in the form of cash only.

Easy Redemption

Paytm also offers the service of investing in gold digitally for its customers. Paytm has partnered with MMTC PAMP, so when users invest in gold, the physical gold is actually set aside in vaults. Good Pay is another app that has partnered with MMTC -PAMP to offer digital gold.

Another benefit of digital gold is that it is easily accessible through digital marketplaces. You can access it from anywhere in the world, making it a convenient option for investors to buy it from the comforts and safety of their home, without having to explore physical sellers. Depending on your specific needs and preferences, you can’t go wrong with any of them. SD Bullion offers a full array of precious metals, including gold, silver, platinum, copper, and palladium, but its selection of products is more limited than some of its top competitors.

Perth Mint Gold (PMGOLD)

Unlike any other mutual funds, there is no worry about value depreciation. And also, unlike physical gold, you need not bear the burden of securing physical gold in your home or at the bank safely lockers. The digital gold providers will secure your gold in a government-authorized security vault and do not charge maintenance fees or rent for it as bank lockers do. In trading platforms, actual physical gold does not exist and the banking charges are accounted separately outside of the trade. The best comparison for buying and selling digital Gold is buying and selling gold coins.

  • Digital Gold is the new form of purchasing Gold through online channels.
  • So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
  • They are MMTC PAMP India, Augmont Goldtech, and Digital Gold India .
  • The app gives you a lifetime free storage of gold in secured vaults.

For selling the gold, the sale also happens in the digital marketplace at the current price of physical gold. Another important benefit of investing in gold online is that it is digital, hence does not have a making charge markup. Additionally, the hassle and deposits that come with renting a locker in a bank is completely eliminated.

Money Metals Exchange

Purchasing gold ornaments at auspicious events is very common in India, but buying physical gold may not always be the best decision, no matter how good the investment option is. Some apps and services offer to deliver the gold to your doorstep at a cost. The value of digital gold will be the same as physical gold.

For physical and digital gold, the capital gains are taxed based on the holding period. For short-term capital gains, the tax rate is similar to an investor’s slab rate. The long-term capital gains are taxed at 20% with indexation. For gold funds and gold ETFs with equity exposure less than 35%, the gains are taxed at the investor’s tax slab, irrespective of short-term or long-term gains.

Akshaya Tritiya 2023: 4 different ways to buy digital gold – Economic Times

Akshaya Tritiya 2023: 4 different ways to buy digital gold.

Posted: Tue, 18 Apr 2023 07:00:00 GMT [source]

Gold ETFs are simply funds that invest in gold and can be bought and sold on stock exchanges, like common stock. Investors are required to purchase a minimum of one unit that is equivalent to one gram of gold to begin trading in gold ETFs. In modern times, you don’t need to physically own the gold in order to invest in it. You can buy digital gold funds and the gold is held in a secure reserve for you. As the price of gold goes up, the value of your investment is also boosted.

Advantages of investing in Digital Gold

The making and delivery charges shall be paid through acceptable payment modes only. The rate is based on international price of gold, the USD-INR exchange rate and applicable customs duty. Choose from our wide range of highest purity 24K, 999.9 gold bars and coins.


Investors need to be more financially knowledgeable and open to new products that will help them better their long-term returns on investment. Investors need to download the said payment applications and then select the “Digital Gold” or “Gold” option from the app. Digital gold can be bought and sold in a fraction of a second, anytime and anywhere with the convenience of digital access to the commodity.

How much time does it take for gold to be delivered after placing the order on the Jar app?

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Hence having what is yenten in your portfolio will help boost the overall portfolio returns. Also, gold prices rise during certain months of the year due to high demand. So the best months to buy gold are early January, March and early April, or mid-June to early July. You can sell it at the end of eight years when the bond expires , or you can sell it prematurely.

Best Online Gold Dealers

While physical gold still dominates purchases, several alternatives, such as gold ETFs, sovereign bonds, and digital gold, are gaining traction. Let’s look at the different types of digital gold products and best ways to invest in digital gold online. Investing in digital gold is the best-secured investment option.

digital gold online

The advanced growth in technology has made the information of digital investments reach every household. People are aware of investments in digital gold and know the difference between purchasing gold jewelry or ornaments and digital gold investment. Investors can add gold to their portfolios by purchasing shares in mutual funds. Certain mutual funds base their holdings on stocks of international gold mining companies and other assets exposed to the gold market, like gold ETFs. These mutual funds track the price of gold as the assets they own rise and fall in value.

jar app

Customers can make the payment through different digital payment modes like net banking, UPI, debit/credit cards as accepted on the partner platform. The purity of the gold is not a concern anymore when investing in digital gold like the old traditional method of purchasing physical gold. When you invest in digital gold from authorized dealers, you take ownership of 99.9% 24K pure gold, which is the highest form of pure metal. Digital gold is sold by vendors who have partnered with fintech companies, banks and brokerage houses to enable digital gold purchases. These mutual funds charge investors an expense ratio, a charge for managing the fund, as well as a charge of buying the underlying assets. That means you’ll be paying fees to own gold mutual funds.

You can also create a savings plan to invest weekly or monthly in gold. In case you want to convert your gold, it will be delivered to your doorstep. These payment apps tie up with the above-mentioned three entities to sell gold.

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