2020 has been a tough time for the stock market, economy and investments| But there are some things that have given a very good profit to the investors.
One of them is digital gold – Digital Gold
Who has alone given a Return of 25% within 6 months and experts believe it can still go up to 30% more.
Content Inside
What is Digital Gold?
1. Benefits of Digital Gold
2. Important Facts of Digital Gold
3. How to Buy Digital Gold
How to buy gold from ✦ Google Pay?
How to buy gold from ✦ Paytm?
How to buy Gold from ✦ PhonePe?
How to buy gold from ✦ demat account?
4. How much return can gold yield?
Returns of Gold Mutual Fund
What should you do?
What is Digital Gold?
Digital Gold in which you can buy and sell gold online in the same way as Share and Mutual Funds, not taking physical delivery of gold.
There are a variety of Authorized Online Mode to buy it that give you the freedom to invest in digital gold by taking fixed charges.
Digital gold transactions are mainly being carried out by SafeGold and MMTC – PMP which is a joint company established by India and Switzerland.
So if you are also planning to Invest in Digital Gold, it is very important for you to understand all the information related to it carefully.
Benefits of Digital Gold
1. In digital gold, you are fully guaranteed safety.
2. Here you can also start with a small Investments, which starts at just Rs. ₹1.
3. You can convert investments in Digital Gold to cash or Real Gold at any time.
4. At the same time, there is no difference in the market price of real gold and digital gold.
5. Due to which you can buy and sell it online anytime keeping in view the charges
6. You can start with investment Mobile Apps and easily track your gold price.
7. In addition, you can invest in digital gold by opening Demat Account.
Important Facts of Digital Gold
If you have thought of investing money in digital gold, you must first understand some of the main things related to it:
Where can digital gold take from?
As mentioned earlier, this digital gold is being offered by MMTC – PMP India Pvt. Ltd.
Which you can buy through Paytm, PhonePe, Google Pay and demat accounts.
Identifying the purity of gold?
In case of purity, both SafeGold and MMTC – PMP provide 24 carat gold. But SafeGold in beauty offers a Purity of 99.5% and MMTC – PMP 99.9.
How long can gold hold?If you buy Gold from the Mode of MMTC – PMP, it can be held for up to 5 years and hold for up to 7 years in Case SafeGold.
But when the deadline is over, you have to sell gold or you can get it Convert in the Real Gold.
How to Buy Digital Gold
Digital there are many ways to buy gold in which you can Buy it using a payment app or demat account.
But if you want to invest in digital gold in the easiest way, Google Pay, Paytm and PhonePe are the best options for this.
How to buy gold from ✦ Google Pay?
Google Pay provides you with the service of buying gold with Highest Security.
For this, you need to Download Google Pay App and link it from your account, after which –
1. Open Google Pay App.
2. Click on New Payment.
3. Type Gold in search box.
4. Select the Gold Locker option.
5. Go to Buy Gold to buy Gold.
6. Enter as much as you want to buy gold from your budget share.
7. The existing market price visible will be with tax.
8. The quantity of gold will appear in your Gold Locker immediately after Payment.
Points to Note -
gold price will not change for the next 5 minutes while buying gold.
can buy gold ranging from Rs ₹1 to ₹50,000 a day.
you can convert it into real gold and take delivery at home.
if there is a disturbance and your money is deducted, your money will be returned in 3 working days.
See also –
How to make money every month from Google Pay?
How to buy gold from ✦ Paytm?Like Google Pay, you can buy gold from your Paytm App. Some of its main points are as follows:
1. You can Gold Buy from Rs. ₹1 to Rs. ₹1.5 lakh.
2. At least you should have gold worth Rs. ₹5 while selling.
3. The price does not change for the next 6 minutes of a transaction.
4. If you hold the gold, the charge will be levied after 5 years.
5. Bank details have to be provided while Gold Sell.
6. The price will include tax, bank charges and other charges.
7. Your money will come into your account within 3 days of selling gold.
8. You can order digital gold at your home by Convert in Physical Gold – which has different charges
How to buy Gold from ✦ PhonePe?
Tell you that in PhonePe you can Buy gold just like Paytm and Google Pay.
At the same time, the rules are the same as applicable for both the Apps above.
How to buy gold from ✦ demat account?
If you want to open a proper demat account and invest in digital gold, you need to have a Best Demat Account.
Through which you can easily track any other investment in your gold or stock market.
How to buy gold without demat account?
If you don't want to invest in Demat Account, you can invest in Gold Mutual Funds using SIP.
SIP makes it systematic and invests one Fixed Amount every month by automatically cutting from your account.
How much return can gold yield?
See, no one can guarantee how much Return you will get.
But yes, it can be said how much gold has returned in the recent past.
Returns of Gold Mutual Fund
Investing in Gold Mutual Funds through SIP can also be a profitable deal.
In the last one year, Top Gold Mutual Funds have Return about 40% which is more than any PPF.
| Gold Mutual Funds | 6 Month Return | 1 Year Ret. |
| DSP World GMF | 49% | 61.% |
| Axis GMF | 30.01% | 34.60% |
| Nippon GMF | 29.41% | 34.64% |
| HDFC GMF | 29.37% | 34.38% |
| ICICI GMF | 28.86 | 33.36% |
| Kotak GMF | 28.69% | 33.16% |
| SBI GMF | 28.54% | 33.85% |
| Aditya Birla GMF | 28.36% | 32.90% |
| Quantum GMF | 28.30% | 30.31% |
| Invesco GMF | 29.80% | 33.52% |
What should you do?
See Digital Gold Market includes Return as well as Risk.
So if you are going for investment purposes, you should Compare all kinds of funds and products on their Charges and Fetures Base.
Hi , This is Pramod Choudhary from Nagaur Rajasthan India. I an student and I would like to share my positive thinking with everyone that's my passion . Thank you
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