When buying gold jewelry, you not only have to pay the price of gold but also make charges and additional taxes. Your total amount of investment goes in Gold only. There is no chance of fraud happening with you regarding the purity of gold, which is 24 carats. While purchasing digital gold, you can be assured of its purity. #Facebook purity seriesSovereign Gold Bond – Series II: 5 reasons why SGB is a better way to invest in gold Purity Digital gold offers the opportunity with limited savings to invest in Gold. There is no compulsion to buy 1 gm of gold, whose value is also a bit high. You can start by investing in Digital gold as low as Re 1. One might be thinking that investment in gold requires a hefty sum of savings from your income. With the instant money transfer into your account, it ensures to provide the utmost liquidity. These investments generate good returns, and many other benefits accrue to the investor when we consider the Income Tax,” she added.īhagat explains the benefits of digi gold over the traditional one: LiquidityĬan be bought or sold with the click of your mobile phone, without the need to even visit your local Jewelry Shop. “One of the best investment options that people sought after is an investment in Gold. Traditionally, people only bought gold jewelry and coins, of late smart investors also started purchasing gold in paper forms such as – Gold exchange-traded funds (Gold ETFs), Sovereign gold bonds (SGBs) issued by the Reserve Bank of India, and Gold Mutual Funds (Gold Mfs),” said Bhagat. “Being considered auspicious, the demand for gold strengthens during festivals such as Dussehra, Dhanteras, and Diwali. Looking to invest in gold? Know how lucrative it is in an unregulated environment in IndiaĬA Ruchika Bhagat, MD, Neeraj Bhagat & Co shares her views on some of the digital gold options that you may consider while investing during this festive season:
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