Investing in Digital Gold is a Smart Decision
After fintech companies and big jewellery brands have started offering an option in digigold, it’s been talk of the year. This article talks about how investing in digigold can be fruitful for you!
India is one of the highest gold-consuming countries in the world as per World Gold Council, 2022. Nation’s love for gold dates back a thousand years. Indian households, especially the middle class population, have the most extensive private global gold holdings.
In India, gold is a store of value and is a symbol of wealth and status. It is considered an auspicious metal especially in Hindu and Jain cultures. Ladies of the houses wear ornaments made of gold on special occasions and events.
The importance of gold extends to more personal life events as well. It is a deeply ingrained part of Indian marriage rituals to gift gold. About 50 percent of the country’s gold demand is derived from weddings. Thanks to the grand celebrations and past history, gold is deeply rooted in the country’s tradition and culture. Aside from Diwali, festivals like Akshay Tritiya, Pongal, Onam and Dhanteras are incomplete without buying gold.
Now that we are amidst the festive season, gold buyers are purchasing the yellow metal to make the festivals more auspicious and brighter with the gold glistening! It’s remarkable to notice that the digigold purchase is also pacing up.
However, physical gold comes with its share of risks as well. To list a few:
People are inclining towards buying digital gold because of its multiple benefits.
Let’s take a look at why you should consider buying digi gold this festive season.
· Secure Storage
Now, there’s no need to be scared of your gold getting misplaced or robbed. The biggest advantage of digi gold is that it’s hassle free and safe storage; they are secured in safe vaults.
· Limit on investment
On FLOATR, you can start investing in digi gold with just Rs. 51. This kind of option is not available when it comes to physical gold.
· Ease of Exchange
It can easily be exchanged anytime and anywhere for physical gold, bar or coin at the market value. This advantage helps individuals looking to convert their digital assets into physical ones. Those who wish to access their physical gold can have it delivered at their doorstep.
· Genuine
Digital gold is 24K and comes with 99.9% purity. Buyers do not have to worry about purity and genuineness. Gifting Digi gold is a great option for gifting. In any Indian festival, people can gift digital gold to their loved ones without any wastage fee or making charges and this gifting option will cost them way less money than physical gold.
Protect yourself against volatile markets
A gold investment has long been hailed as a reliable option, and it has found a place in portfolios that span decades. The way gold is held is changing, but gold investing as a whole is unlikely to go out of style, especially for long-term investors.
Conclusion
Digital gold is a perfect choice for those looking to buy pure gold or start their investment journey in gold with lesser money. It’s a lucrative investment option and an increasing choice even for Indians.
You can start investing in digi gold on FLOATR anytime and anywhere. Buy or sell anytime at market prices with zero making charges or wastage cost. Digital gold is highly secured in Sequel Vaults monitored by IDBI Trust on FLOATR.
Now you can also gift your gold or silver to someone at zero cost on FLOATR and make their celebration more golden!
