Digital Gold: Or is it Digital Gold, who can invest in it and who cannot and what are the benefits? know everything..

A large number of people in the country like to invest in gold. Be it a festival or wedding season, a large number of people buy gold in India. But gradually the way of investment is changing. At present, the trend of investing in digital gold has been seen among the people. The digital loan is not only secure but buying and selling it is also an easier process than a physical loan.

What is digital gold?
Digital gold is a way to buy gold online. You can buy gold in electronic forms like ETFs and gold Savings Funds. Investing in digital gold can be started with a minimum of Re 1. You can buy and sell whenever you see the market price. Especially 3 companies in India are MMTC-PAMP India Pvt. Ltd, Augmont Gold Ltd, and Digital Gold India Pvt Ltd offer digital gold under their SafeGold brand. Airtel Payments Bank also offers DigiGold in partnership with SafeGold.

Who can buy digital gold?
Any person living in India can buy digital gold. According to the website of Axis Bank, to buy digital gold, a person must have a savings account or current account.

Why invest in digital gold?
1. In this you can start investing even with the smallest amount of just Rs 1. The customer can sell digital gold whenever he needs it.

2. There is also an option to convert digital gold into physical gold. This can be converted into gold coins, bars, or anything of your choice.

3. Digital gold is stored by the seller in insured and secured vaults. The customer does not have to pay any charge for this.

4. If you have digital gold, you can use it as collateral for online loan as an asset.

5. The advantage of investing in digital gold is that you get instant updates on gold prices. The customer can buy or sell gold based on real-time market updates.
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