• 01 Jan , 1970
  • Blog

Simplifying The Process of Investing in Digital Gold

The thought of storing physical gold at home can be unnerving. Break-ins, safety deposit box fees, and insurance complexities can all be a deterrent. Digital gold investment offers peace of mind. Reputable platforms store your gold securely in insured vaults. Additionally, buying and selling transactions happen electronically, minimizing the potential for fraud or loss. 

Have you ever thought about investing in digital gold but found the whole process complicated? You're in the right place. 

In this article, we'll walk you through everything you need to know to begin investing in digital gold. We'll explain what exactly digital gold is, the benefits it offers compared to physical gold, and how to buy digital gold

So read on to learn how to buy and sell digital gold!

What Is Digital Gold?

Digital gold refers to gold that is purchased and stored digitally rather than physically. Instead of taking possession of physical gold bars or coins, you purchase digital gold credits or tokens that represent a certain amount of gold. These digital tokens are backed by physical gold bars that are securely stored by the digital gold platform.

Benefits of Investing in Digital Gold

There are a few key benefits to investing in digital gold:

  • Convenience: It's easy to buy, sell, and store digital gold online without handling any physical gold. Transactions can be completed in minutes.
  • Low Fees: Digital gold typically has lower fees than physical gold since there are no costs associated with securely storing and insuring physical bars or coins. Brokerage and transaction fees are often very low or even free.
  • Liquidity: Digital gold can be quickly bought and sold 24 hours a day, so your money is not tied up. You have full access to your funds and can sell at any time for the current market price of gold.
  • Security: Your digital gold is securely stored in audited vaults and insured, so there is minimal risk of loss or theft. Reputable platforms use best practices to ensure your gold remains safe and accessible.
  • Flexibility: You can invest in small or large amounts. Some platforms allow purchases for as little pieces in sizes as 1/2 gram, 1 gram, and 2 grams to help you build gold investment over time.

Digital gold provides an innovative way to invest in gold without the hassle of physical delivery and storage. For casual gold investors, it offers an affordable and flexible option to gain exposure to gold prices.

Simple Process of investing in Digital Gold

Investing in digital gold is actually quite straightforward these days with many reputable digital platforms offering easy ways to buy and sell digital gold online. Here’s a quick guide on how the process works:

Find a trusted digital gold platform

The first step is finding a digital gold platform that allows you to buy and sell gold digitally. Look for companies that have been in business for many years, offer competitive prices, and have strong customer reviews. Among the numerous digital gold platforms available, DigiGold is the best place to buy digital gold. They assure you of the quality by serving 24 Karat Pure Gold of 99.9% purity with certifications.

Account Creation

First, you need to create an account. This step is straightforward and only requires some basic details. You'll be asked to fill in your name, age, contact details, and more. You can use your phone number and email address to create your account. Make sure you provide accurate information to avoid any issues later.

Complete KYC

Congratulations on creating your account! Now, for security purposes, we need to complete the KYC process. This step is essential to ensure your account remains secure and complies with regulations. KYC typically involves submitting a copy of your ID and address proof. This helps us verify your identity and protect your account from fraudulent activities. Completing KYC is quick and ensures your investment is safe.

Choose Your Gold Product

Now it’s time to choose the type of gold you want to invest in. You have several options, including gold coins, bars, and fractional gold. Gold coins and bars are popular among collectors and investors for their tangible value and beauty. Fractional gold allows you to purchase smaller pieces, such as 1/2 gram, 1 gram, and 2 grams, making it affordable for everyone. Trusted digital gold platforms like DigiGold offer a minimum purchase amount starting from just Rs 1. It might sound surprising, but it's true—you can start your investment journey with just Rs 1. Choose the digital gold investment option that best fits your budget and investment goals.

Place your order

Once you have decided on the type of gold you want to invest in, you can place your order. The gold you purchase is stored in a secure vault on your behalf. Your account will be credited with the corresponding amount of gold based on the current market price. There are no physical deliveries or storage fees to worry about. You can easily buy and sell digital gold at any time with just the click of a button. The convenience of digital gold makes it an attractive option for modern investors.

Monitor and manage your investment

The value of your digital gold investment will rise and fall with the price of physical gold. You can also set price alerts to notify you of major price swings. When you’re ready to sell, just log into your account, select the amount of gold you want to sell, and the funds are deposited directly into your linked bank account.

Take Delivery or Sell for Cash

When you’re ready to exit your digital gold investment, you have two options: take physical delivery of your gold or sell it for cash. If you choose to take delivery, you can receive gold bars delivered to your doorstep free of cost. You just have to pay making charges, that's it. This option is ideal if you prefer having physical gold in hand.

Alternatively, you can sell your digital gold for cash. This process is even simpler. Just sell your gold at the current digital gold market price and withdraw your money directly to your bank account. It’s quick and straightforward, ensuring you can access your funds whenever needed.

Investing in digital gold provides a convenient way to gain exposure to the digital gold market without the hassle of taking physical delivery and storage.

With a few simple steps, you can start building your own gold investment portfolio and take advantage of one of the world’s oldest stores of value.

The Best Way to Buy Digital Gold

Digital Gold

Digital gold is a modern and convenient way to invest in gold. When you buy digital gold, you have the option to buy it in the form of bars or coins. These are stored securely in a vault on your behalf. Here’s a detailed look at these options:

Gold Bars: Gold bars are a traditional and popular form of gold investment. They come in various sizes, from small 1-gram bars to larger ones like 100 grams. Gold bars are valued based on their weight and purity, making them a straightforward investment option.

Gold Coins: Gold coins are another excellent option for digital gold investment. They are available in different designs and weights, such as 1 gram, 5 grams, and 10 grams. Many collectors and investors prefer gold coins because of their aesthetic value and ease of handling. Digital platforms allow you to own these coins without physically storing them at home.

Gold SIP

Another excellent way to invest in digital gold is through a Gold Systematic Investment Plan (SIP). A Gold SIP allows you to invest a fixed amount of money regularly, much like a regular SIP in mutual funds.

This method is perfect for those who want to gradually build their gold portfolio over time without needing a large sum of money upfront.

Gold SIPs make it easy for anyone to start investing in gold, even with a modest budget. You can set up a Gold SIP through digital gold platforms, which will automatically deduct the chosen amount from your account at regular intervals and convert it into gold based on the current market price.

Let’s Invest in Gold Digitally 

Now you know investing in digital gold can be as easy as a few clicks online. 

Try starting small if you're new to gold investing. But once you see how convenient it is, you may find yourself wanting to add more over time. So, why not explore a trusted platform like Digigold, one of India's leading digital gold providers? 

We offer a seamless and secure way to invest in real gold, all from the comfort of your phone or computer. Take control of your financial future and get your digital gold today!

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