New Delhi, February 22, 2022: If you have been thinking that buying gold is only needed during the festive or wedding season, then think again! Investing in this metal that is a prized possession is forever. It has always been a preferred investment component across the globe.
However, with Covid in the background, stepping out to buy gold has become challenging. Fret not! Digital gold comes to the rescue. Investing in digital gold is easy, and it comes with additional benefits that physical gold offers.
Here is the Smart Guide about all you need to know about investing in digital gold – how it works and its benefits. For starters, anyone can start investing in digital gold with an amount as little as Rs. 1.
Understanding Digital Gold
Digital gold refers to procuring gold in electronic form such as gold ETFs, gold saving funds, etc. With digital gold, you can start investing as low as Rupee 1, buy and sell according to market dictates, while the trading company or jewellery brand handles the storage.
In India, three main companies offer digital gold – MMTC-PAMP India Pvt. Ltd., Augmont Gold Ltd., and Digital Gold India Pvt. Ltd with its SafeGold brand. Airtel Payments Bank offers DigiGold in partnership with SafeGold, the leading provider of digital gold. With DigiGold, Airtel Payments Bank customers can invest in 24K gold within two minutes through the Airtel Thanks app.
Why invest in digital gold
Digital gold forms one of the secure ways of investment and is a good way to protect yourself from an unstable market. Here are six reasons to invest in digital gold:
- An assurance on 24K pure gold – Customers get genuine 24K gold with a purity assurance certificate.
- Make a small investment – Customers can make small investments, starting from as low as Rs. 1.
- Redeem as per your wish – Customers can sell digital gold at any time when needed. In addition, they can also choose to exchange their digital gold for physical gold coins, bars, etc.
- Guaranteed safekeeping – While physical gold comes with the storage hassle and safety concerns, digital gold is stored in insured and secured vaults by the seller without any extra charge.
- Digital gold as security for online loans – If you own digital gold, you have the option of utilizing the owned assets as collateral for quick and hassle-free online loans,
- Get instant updates on gold prices – Customers get real-time market updates for which they can act in terms of buying/selling at the appropriate time.
- Start a Gold SIP : To average out gold prices, you can start a monthly SIP
Next time you are looking to invest in gold, don’t wait for a reason. Invest easily in digital gold by logging on to the Airtel Payments Bank through Airtel Thanks app or other digital gold providers.
Corporate Comm India (CCI Newswire)
