How To Buy Digital Gold This Dhanteras?
23 October 20243 mins read by Angel One
This Dhanteras, young Indians are embracing digital gold for its convenience, fractional ownership, and real-time transactions, with urban areas leading the way.
Digital gold means owning gold in a digital format instead of having physical bars or coins. You can manage it on your phone or computer and buy or sell it using apps or platforms from banks or tech companies. You can even purchase small amounts of gold, making it accessible to everyone. Just be sure to use reliable platforms and check for any fees they may charge. In this article, let’s check how to invest in digital gold this Dhanteras.
How to Buy Digital Gold?
Online buying and selling digital gold is easy and lets you access your account anytime.
- Register: First, sign up by providing details like your name, mobile number, address, and PAN.
- Check Prices: After registering, you can check the real-time market price of gold.
- Make a Purchase: Choose the amount you want to buy in grams or rupees and pay through the online payment gateway.
Reasons for Digital Gold’s Popularity
- Fractional Ownership: More than half of the respondents like being able to buy gold in small amounts.
- Assured Purity and Insured Storage: Digital gold guarantees the gold’s quality and provides storage insurance.
- Affordable Investment Options: Options like systematic investment plans make it easier to invest.
- Real-Time Purchasing: Buyers can purchase gold instantly without worrying about physical storage.
- Urban vs. Rural Adoption: While urban consumers are leading in using digital gold, rural areas are slowly starting to embrace it. Traditional preferences for physical gold are changing as mobile apps and fintech platforms make digital gold easier to access.
- Key Feature: Over half of the respondents believe that buying fractional amounts of gold through digital platforms is a major reason for changing their investment habits.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
