What is digital gold and what are pros and cons of investing in it?

What is digital gold and what are pros and cons of investing in it?, ऑनलाइन सोने में निवेश कैसे करें : It is a physical gold, which you buy from online channels. Its price is linked to international prices. You can watch it live.

The newest way to invest in gold is by buying digital gold. Gold is very much preferred in India for two reasons. Firstly, gold is one of the safest investment options. Second, it also gives good returns.

In today’s time there are many options through which one can invest in gold. But before investing in any gold option, you should consider its features and tax.

What is digital gold and what are pros and cons of investing in it

What is digital gold and what are pros and cons of investing in it?

It is neither a coin, nor a bar, nor a jewelery nor a mutual fund, it is a physical gold, which you buy from an online channel. Its price is linked to international prices. You can watch it live. You can also buy, sell and transfer it. Apart from this, you can also take physical delivery.

You can also buy it for Rs.10. But if you buy digital gold of Re 1 then it will not be delivered to you. For this you have to buy at least half a gram of gold. After that it will be delivered to you. It depends on your budget or preference whether you buy for Re 1 or Rs 100 or Rs 10000. But the platform you buy it from will keep it safe.

How you can buy digital gold via Tata Group’s Tanishq

  • Sign in or register with Tanishq.
  • Complete your account setup with eKYC
  • To buy, enter your amount in rupees or grams of gold
  • Select your payment method. You can choose from many payment options such as account, card or wallet.

Disadvantages of digital gold

GST on digital gold

To buy digital gold, you have to pay 3% Goods and Services Tax (GST) just like buying physical gold.

How to buy gold online?

If you are wondering how to invest in gold online through your bank or broker, there are three ways to buy gold online through Gold ETFs, Shaving Gold Bonds and Digital Gold. Most brokers sell digital gold in conjunction with MMTC-PAMP. It is a joint venture between Indian public sector undertaking MMTC and land based PAMP SA.

Digital Gold: Buy, Sell Online | Risk, Cost of Investment

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