Investing in Digital Gold: A Step-by-Step Guide for Google Pay, Paytm, and PhonePe Users
Dhanteras, the first day of Diwali, is traditionally a time to invest in gold, symbolizing prosperity. However, with today’s high gold prices and additional costs like making charges, buying physical gold can be quite expensive and requires visiting the right retailer. Digital gold offers an ideal alternative, letting investors buy gold online at real-time market rates without added fees.
Convenient, Secure, and Pure
Purchasing digital gold removes concerns around purity, as it is typically 24 karats (99.9% pure) compared to the 22 karats often found in physical gold. Digital platforms allow buyers to buy or sell gold at market rates with ease, making it a flexible investment.
Starting Small: Buy Digital Gold for Just Re 1
One of digital gold's biggest appeals is its affordability, enabling users to buy gold for as little as Re 1 and up to Rs 2,00,000 daily. Although digital gold is intangible, its value mirrors the physical market price and fluctuates accordingly. With storage managed by the vendor, there’s no risk of theft, giving investors peace of mind.
Easy Liquidity and Physical Conversion Options
Liquidating digital gold is simple and almost instant, akin to sending funds via UPI. Certain platforms even offer the option to convert digital gold into physical gold. Typically, this requires holding at least one gram of digital gold, making it accessible yet highly convenient.
Comparing Digital and Physical Gold
While physical gold is usually 22 karats (91.6% pure), digital gold purchased on leading platforms is 24 karats. Leading vendors such as MMTC-PAMP India ensure that investors get 100% pure gold digitally.
Top Platforms to Buy Digital Gold in India
Well-known payment apps like Google Pay , Paytm , and PhonePe offer easy digital gold purchasing options, allowing users to invest without downloading new apps. In addition, newer platforms like Jar provide savings plans in digital gold, making it easy to accumulate gold gradually.
Top Platforms to Buy Digital Gold in India
Well-known payment apps like Google Pay , Paytm , and PhonePe offer easy digital gold purchasing options, allowing users to invest without downloading new apps. In addition, newer platforms like Jar provide savings plans in digital gold, making it easy to accumulate gold gradually.
Digital Gold vs. Physical Gold: Pros and Cons
Digital gold's main advantage lies in its ease of storage and liquidity, though physical gold holds sentimental value and can be fashioned into jewelry. For those wanting a versatile asset, digital gold presents an attractive option.
Buying Digital Gold on Google Pay
To invest in gold on Google Pay, search for "Gold Locker," check the current rate, and complete the purchase in a few taps. This option also allows users to have physical gold coins delivered to select locations across India.
Buying Digital Gold on Paytm
In Paytm, users can invest in digital gold up to Rs 2,00,000 at a time. Paytm often provides deals for digital gold purchases and even offers a systematic investment plan, helping users build a gold portfolio automatically.
With these user-friendly platforms, digital gold is increasingly becoming the go-to option for Dhanteras, offering an accessible, secure, and pure investment opportunity in the gold market.
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