Gold is one of the most valuable metals. With Indians buying tonnes of gold every year, India made it to the list of largest consumers of gold in the world. Almost every household invest in gold at some point. Much of its popularity stems from the fact that it holds great value even in the face of inflation. So, it is the safest form of investment.
People also buy gold to use it as collateral and secure loans in the future to meet their financial requirements. With the attractive Muthoot gold loan rate per gram
, you can easily make payments without putting any burden on your budget.
Why is digital gold gaining popularity among younger generations?
Compared to physical gold, investing in digital gold is much more convenient and flexible. You do not need to visit any physical location to buy gold. You can buy 24k gold at market price and have the engine gold redeemed whenever you want to. The best part is that you can invest safely in the yellow metal from the comfort of your home – with just a few clicks on your computer.
Investment in digital gold
Before you visit an online platform to buy digital gold
, make sure you have adequate knowledge of it works. Here are the top points to get started:
- You can still buy gold if you do not have a large investment amount. You can invest in digital gold as low as Rs. 20, depending on your gold seller.
- You can buy gold based on its weight or specify the amount of cash you want to dispense.
- Keep in mind that the minimum amount of gold you can purchase is 1 gram.
- The gold you purchase online is stored under your name. However, the storage periods vary across companies.
- You can sell your digital gold and obtain liquid cash against these transactions. It also enables you to redeem your investment by getting the purchased gold in its physical form.
Reasons to invest in digital gold
You must be wondering why digital gold investment has gained the interest of the young generation. The reason is that digital gold investment is one of the simplest wealth-creating opportunities, offering ease of access.
Here are some of the top reasons to invest in digital gold:
There is no restriction on how much you can invest in digital gold. You can start your investment journey with as small a purchase as you can afford.
The benefit of digital gold investment is that it ensures the safety of buyers. You are guaranteed to own 24k gold only.
You can convert your digital gold into physical gold coins and bars. You can also avail of the return on investment in the form of liquid cash if necessary.
Security for online loans:
As a digital gold owner, you can use your asset as collateral and secure loans from the market. Your loan amount depends on the value of your digital gold in the market. With Muthoot’s gold loan rate per gram at its best, now may be the right time to access funds to meet your requirements.
Unlike physical gold, you do not have to take any measures to ensure the safety of digital gold as it is not subject to theft or loss. Your digital gold is safe in secured vaults verified by the independent trustee.
Another reason to invest in digital gold is that you can keep a proper record of transactions. For instance, if you are in doubt about past transactions, you can check them on your online application. This way, you can gain better insight into your investments.
Opportunity to diversify investment:
Digital gold investments allow you to balance or hedge your portfolio to reduce risk concentration.
Instant updates on gold prices
: It is worth noting that digital investment platforms are linked with real-time market changes. So, any changes in the gold prices in the market are immediately reflected in your app, allowing you to take advantage of the latest gold rates.
No storage cost:
Another benefit of investing in gold is that you can keep your gold in a secured vault for up to five years at no additional cost.
Digital gold has been gaining tremendous popularity among young generations. The reason can be attributed to the fact that it offers a much more convenient way to invest in gold. Depending on the digital gold investment platform, you can get your gold delivered as coins, bars, or jewellery at your doorstep. The great part is that there is ensured purity, storage security, and flexibility to purchase gold with little money.