Digital Gold - Your Key to Modern Gold Ownership
Gold – that shiny metal that brings a sparkle to everyone’s eyes; because of its intrinsic high value and its ability to transform into much desired jewelry. Through millennia, gold has retained its appeal, but we are no longer satisfied with owning gold in the physical form. So much so, that today we have devised various new methods of ownership of gold. There are now at least 4 different means of owning gold other than in its physical form. They are – Gold ETFs, Gold Sovereign Bonds, Gold Mutual Funds and last but not the least, Digital Gold.
Digital gold is the newest entrant in this field and therefore has all the benefits and none of the pitfalls of the other forms, including physical gold.
Now what exactly is Digital Gold one may ask?
Digital Gold is a virtual method of buying and investing in gold. It is fully insured and stored safely in secure locations. It can be delivered to your doorstep in a 99.9% pure form. And one can invest with even Re 1.00 if so desired.
In India it is offered by only a few platforms, prominent among them is Augmont.
How is Digital Gold different or better than the other forms of purchasing gold?
1.Digital gold can be bought for as little as Re 1.00! Yes, that’s true, you can start investing with whatever amount you have. This is unlike all other methods, even physical gold, wherein you practically cannot get anything for a very low amount.
2. SIP method is possible with Digital Gold, which is great if you want to grow your investment value steadily. Gold ETF and Gold Sovereign Bonds are available only as a lump sum.
3.Digital Gold is backed by physical gold stored with the investing platform. Which means that you can get delivery of your gold at 99.9% purity anytime you want. This is definitely not possible with Gold Sovereign Bonds, which is an instrument issued by the RBI. Nor, is it possible with Gold Mutual Funds.
4.You don’t need a demat account to buy digital gold unlike Gold ETFs. This means one formality less before you start investing.
5.Digital gold is even better than gold because it has neither the hassle of storage and security, nor the loss incurred due to making charges and impurity.
Thus, it is clear that the most modern and convenient way to own gold is – Digital Gold. And this is where Fikaa comes in. We have partnered with Augmont to bring Digital Gold to you. All you need to do is a simple 4 step KYC and you can begin your journey to invest in Gold!
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