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A metal is deemed precious if it is rare, and gold is certainly on top of this list. From a physical, emotional, and financial viewpoint, humans have been drawn to this shiny metal since time immemorial. Gold bars are among the most trusted investment instruments, thanks to their innate value and resistance to corrosion.<\/p>\n\n\n\n
However, there are downsides to storing physical gold \u2013 think possibility of theft, accidental loss, low resale value owing to making charges, as well as storage cost in case you choose a bank locker to keep it safe and sound. Thankfully, technology has provided a way out \u2013 enter digital gold!<\/p>\n\n\n\n
Wondering what this is all about? Read more and find out.<\/p>\n\n\n\n
In short, yes. In fact, if you want to invest in gold, this is perhaps the best option. Digital gold is 99.9% pure 24K gold which does not come with the burden of storage. You can invest in this gold option online through a UPI transaction or internet banking. However, this does not mean that no equivalent physical gold is reserved in your name. When you buy gold in digital form, the seller will stock the same in their secure vaults, relieving you from the danger of theft or accidental loss.<\/p>\n\n\n\n
Investing in digital gold offers many benefits, including \u2013<\/p>\n\n\n\n
This is perhaps the most important benefit. Investing in digital gold relieves you from the fear of theft or accidental loss that comes with storing physical gold in a locker at home.<\/p>\n\n\n\n
Additional Read: <\/strong>Top Rated Funds<\/a><\/p>\n\n\n\n In the case of physical gold, it is crucial that you buy hallmarked gold, or you may get duped into purchasing counterfeit metal. But this is never the case with digital gold, mainly because they are certified by government agencies.<\/p>\n\n\n\n Physical gold is anything but cheap. However, you can purchase digital gold for an amount as low as Re. 1! If you think this is an unlikely amount for such a precious metal, there’s a reason – purchasing digital gold allows you to invest in fractional gold; plus, its price is determined by the wholesale market rate, not other factors such as geography or even a pandemic, making it highly affordable.<\/p>\n\n\n\n If you were to opt for a bank locker to store physical gold, you\u2019d need to pay monthly rent for as long as you\u2019d use the locker. Thankfully, your digital gold investments stay secure without additional storage costs.<\/p>\n\n\n\n Remember that most sellers have a specified time limit on their storage facilities, so check with your seller before investing.<\/p>\n\n\n\n Additional Read: <\/strong>5 Golden Rules of Mutual Fund Investing for First-Timers<\/a><\/p>\n\n\n\n Gold is already considered a highly liquid asset class. However, digital gold is even better. All you need to do is log into your customer portal, sell the digital gold available in your online account, and the payment will be directly credited to your bank account.<\/p>\n\n\n\n Ready to take the first step towards a golden future? Start with Tata Capital\u2019s Moneyfy app<\/a>! Open doors to hassle-free investing with easy-to-access digital gold. Digital Gold is convenient, secured, and cost-effective way of Investing in gold online. You can buy gold for an amount as low as Rs. 10 on our app and view your purchased gold in a locker online. You can also invest in mutual funds<\/a> through Moneyfy app today!<\/p>\n\n\n\n\u2022 Guaranteed metal purity<\/strong><\/h3>\n\n\n\n
\u2022 Available at low amounts<\/strong><\/h3>\n\n\n\n
\u2022 It saves you storage costs<\/strong><\/h3>\n\n\n\n
\u2022 Easy liquidity<\/strong><\/h3>\n\n\n\n