Here’s why you should consider buying digital gold

What is Digital Gold? Benefits, Risks & Taxation. Step-by-Step GuideIndia is the world’s second-largest consumer of gold and the reason is obvious, gold provides promising returns over the years. Moreover, now investors have also started investing in digital gold which seems to be more easily accessible than physical gold. If you’re new to this concept and want to know why should you consider buying digital gold, read on.
In this article, we have provided all the information you need to know. Let’s start with the basics. 

 

What is Digital Gold? 

Digital gold is simply buying gold online and it is an alternative to buying the yellow metal in its physical form. Digital gold can be purchased online via authentic sites like Airtel Payments Bank and many others. Over the years, it has become a popular investment option for those looking to diversify their portfolios. It seems more promising than physical gold as it involves no hassle of visiting a store and finding a buyer when you need to sell your gold for emergency funds. 

 

Benefits of Buying Digital Gold

Having physical gold in front of us seems more secure because we get the feeling of having something. However, having an investment in digital gold also feels the same. Many online digital gold platforms give you the freedom to look at your investment status and find a buyer whenever you need. Not only this, digital gold investments provide tonnes of benefits too. Read the important ones below:

Secure Storage: One of the most significant benefits of buying digital gold is secure storage. Unlike physical gold, which can be lost or stolen, digital gold is stored in secure, encrypted digital wallets. These wallets are protected by strong encryption and multi-factor authentication, making it nearly impossible for anyone to access your gold without your permission. 

Ease of Exchange: Digital gold is also easier to exchange than physical gold. With physical gold, you need to find a buyer and physically transfer the gold. With digital gold, you can sell your investment at the click of a button, making it much more convenient and accessible. This ease of exchange makes it a great option for those who are looking to buy or sell their investments quickly.

Can be Traded 24×7: Additionally, digital gold can be traded 24×7, making it a convenient option for those who are looking to buy or sell their investments outside of regular business hours. This 24×7 trading makes it easy for you to manage your investment, even if you have a busy schedule.

No lower on limit investment: With digital gold, there is no lower limit on investment, an individual can invest in any amount of gold, unlike physical gold. You’ll be glad to know that gold worth one rupee can also be bought. 

Digital Gold can be used as collateral: Just like physical gold, digital gold can also be used as collateral for loans. Various lenders in the market accept digital gold as collateral as it is 24K and is stored in secured vaults.

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