Things You Wish You Had Known Earlier About Digital Gold Investment
It’s a great idea to invest in the market, which is enormous. Many types of investments now take the digital road as a result of recent digitization. With less paper and documentation, it is now simple to carry out any investments; all you need are some soft copies of the documents that are really necessary, including your Aadhaar and PAN.
This post is for you if you want to carefully manage your money without letting inflation eat away at it. Continue reading to learn more about how gold investments like Digital Gold may assist you in achieving your goals.
Data and statistics demonstrate that gold investments have always offered protection against weaker economic downturns and have assisted Indian households in securing their financial futures.
According to a recent trend study by Bankbazaar, the price of gold has increased by almost 5000 percent between 1967 to the year 2022. Given that gold was formerly a valuable form of currency that was utilized for international trade, this figure is astounding.
The what, how, and why of digital gold?
You have a profitable choice to put your money in using digital gold. You commit to investing a certain sum of money that supports your gold investment alternatives, and you maintain discipline in doing so. Your bank account will be debited for this sum, which enables you to make respectable investments in digital gold.
When you choose to participate in a digital gold investment for gold, the bullion seller deducts money from your bank account and invests it into digital gold. In the backend, the Seller purchases an equal value of physical gold and it is stored in Secured vaults. You can also claim digital gold to be hand-delivered directly to your doorstep. You may compare your portfolio holdings on a digital web platform that is accessible right from your smartphone.
Digital Gold VS Other investments
Since the beginning of time, banks have unwillingly urged Indian investors to store their money in a fixed deposit that carries less risk. This is because, as compared to other Gold possibilities, this is the safest choice.
Yes, FDs provide you with guaranteed returns, but what good are they if you can’t even create returns that are higher than the average inflation rate during economic downturns?
Interest rates on fixed deposits currently range between 5 and 6 percent per year, however, gold investments have consistently appreciated by around 10 percent yearly!
After taking into account the fact that inflation consumes your money at a rate of roughly 6%, this additional value helps you make a profit of 4 to 5% on your hard-earned money. In this case, Gold Investments is the focal point.
Another secure investment choice offered to the working class that enables you to earn reliable returns is mutual funds. The question is how much you’re willing to hold, though. It will take you a long time to wait for a gold mutual fund to assist you to double your money, which takes only 8 to 10 years.
Think about investing in gold, where you have the chance to double your money in just 7 years at the rate of 10.5 percent a year that gold and SIP in gold are providing to you
Digital Gold- What is in it for you?
People used to find it difficult to invest in gold for a while, but things have completely changed since then. With the onset of digitization, everyone and everyone may now invest in Digital Gold with only the click of a mouse.
Bullion dealers like Eswarna enable the average person to invest money in a simple and effective manner, and that too with only a few button clicks and some time to spare for the procedure to complete.
Digital gold is free from the risks that come with physical gold purchases. You do not have to worry about the storage and maintenance of physical gold. Also when you purchase physical gold you need to bear making charges and other expenses that add to your gold cost. This is not the case with digital gold.
Here are some salient points to help you understand:
- Invest as low as Rs 1
- Invest only One or multiple times through SIP
- Secure Vault Storage for physical gold purchases
- The maximum tenure of 2.5 years
- 100% 24 karats 999.9 gold assured
- Highly safe and secure investments
- Web and Mobile application to monitor gold portfolio.
Digital Gold Terms and Conditions.
You also need to note that even though digital gold has given consumers the option to invest money, there is a certain limitation to how much can you invest. And this varies from bullion vendor to vendor. Eswarna Capps this investment amount to about 2 lacs and the duration of your investment term is capped at 2.5 years.
Conclusion:
Indians may protect themselves and acquire financial independence thanks to the great returns offered by gold, which enables them to make respectable returns on their gold investments. So seize the chance to invest in gold SIPs and benefit from 10 to 15% returns on your Gold SIP investments.
Pranab Bhandari is an Editor of the Financial Blog “Financebuzz”. Apart from writing informative financial articles for his blog, he is a regular contributor to many national and international publications namely Tweak Your Biz, Growth Rocks ETC.
