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Why Digital Gold can be your next big investment

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When it comes to a safe and reliable investment option, investing in gold has always been every Indian’s prime choice. Much of gold’s popularity stems from the fact that it stands steady even in the face of inflation. Therefore, investors prefer to hold their money in the form of gold jewellery, coins, and bars than currency. 

It is worth noting that technology has been an integral part of millennials’ growing-up years, and they never hesitate to make decisions driven by technology. Over the past few years, digital gold has been gaining tremendous traction among young investors. The benefit of buying e-gold online is that it is risk-free, and there is an assurance of high-quality gold. 

So, what is digital gold

Digital gold allows you to buy e-gold online as per your budget. You can start buying e-gold for as low as Re. 1. You can invest in gold based on your preferences and accumulate to the amount you want. After buying the gold, it is stored in secure vaults verified by an independent trustee. The best part is that you redeem it into liquid cash whenever you want. 

Benefits of investing in digital gold 

Digital gold comes with a host of benefits that you can avail yourself of while buying e-gold online, which are:  

  • Secured storage 

When you buy physical gold, it comes with the stress of taking measures to ensure safe storage. Unlike physical gold, buying e-gold online comes with secured storage, thanks to digital wallets. So, after buying gold online, the gold dealer keeps the equivalent amount of gold in a secure vault verified by an independent trustee. It allows you to redeem your digital gold into cash whenever you want. 

  • Investment flexibility

Another benefit of digital gold is that it allows you to invest in 24-karat gold starting from as low as Re 1, and it can go up to any denomination. Another reason that it is gaining popularity among millennials is that it is an affordable and flexible investment option. 

As a young investor, digital gold can offer the best option to create a long-term investment portfolio. You can buy e-gold online in the tiniest fractions periodically. Unlike physical gold, there is no cap on investment. Furthermore, is a completely technology-backed investment where you do not need to worry about storage. It is kept in secure vaults in online wallets.

  • Transparent transaction rates 

Another benefit of digital gold is that it comes with the convenience of buying and selling at your convenience. It is linked with the real-time online gold rates, allowing to take benefit of the prevailing gold rates. It is worth noting that the gold rates are immune to demographic factors

Besides transparency in transactions, such as getting gold in physical form, online form, or liquefying it in cash, digital gold comes with no lock-in period for doing transactions. You can buy e-gold online anytime from anywhere without worrying about hidden charges applicable to physical gold jewellery and coins.

In short 

Given the fluctuating investment markets, buying e-gold online is a safe alternative. The fact that it appeals to young investors in India, it stands a great chance to emerge as the next big investment instrument. 

So, if you want to start your investment journey with a small amount, digital gold is the best way to cater to your needs.

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