With everything transitioning to the digital, gold is no exception. The concept of digital gold has made young investors elated. Additionally, gold buyers have also moved on to invest in digital gold because digital gold eliminates the need for safekeeping in a locker or secured storage and wasting funds in making charges.
Digital Gold is buying pure gold digitally in instalments as an investment. It enables you to purchase authentic Gold of 24k 99.9% purity. If you plan a digital gold investment, you can easily purchase it from a trusted and registered platform online.
Buying gold digitally is a simple process and uniform across all platforms. Let’s check out how to invest in a digital gold wallet.
Research thoroughly online and zero in on a digital gold purchase service provider who offers you a good deal. Pay attention to the terms and conditions and processing charges to make an informed decision on who offers you the best deals in the market.
Install and set up your dealer’s app and open a digital gold account. Link to your bank account of choice. Once done, you can proceed to buy the gold.
Once your gold locker is ready, you can purchase digital gold for as low as Rs 1 and check the gold locker to see the digital gold investment reflected. You will also be able to see the gold that you have purchased so far and a provision to enter the grams you wish to buy further. Enter grams of gold required and Click “Buy Gold”.
Once you get redirected to the payment page, make the payment and complete the transaction. Once completed, you can see the amount of gold purchased in the digital locker in your account. You can keep collecting the gold for five years and get it delivered at your doorstep or sell it when you please.
To sell or deliver the gold you have in your locker, you will need to sell by weight or amount. Enter the weight you wish to sell and select an account to credit. Once done, you will receive your funds to your account immediately. You can also choose the ‘Deliver’ option and select your coin or jewellery. Once done, you can complete the payment and collect it from the branch near you.
For a more accessible collection of gold, you can select a dealer who has multiple branches across India. Opt for trusted companies to claim your gold with purity and guarantee. You can invest an amount as low as Rs 1 to buy e-Gold and easily convert your gold into jewellery or coins at the time of need.
