Back Is Digital Gold a Safe Investment to Create Long-Term Wealth?
India loves its gold, whether through the lens of investment or as a symbol of legacy. India also currently has a sizable majority of the world’s millennial populace. The conjunction of these two important factors – somewhat like a marriage between the traditional investment mantras and the adoption of a technology-driven lifestyle – has given digital gold a favorable arena to grow.
Digital gold allows investors the same benefits of owning physical gold without the stress of authenticating its purity or worrying about its safety. Additionally, it eliminates the reduced returns associated with the depreciating value of gold in the form of jewelry.
Benefits of Digital Gold Ownership
● Hassle-free
Contrary to investing in physical gold that runs through the cycle of purchase and scouting for gold lockers for storage, owning digital gold eliminates numerous steps as the onus falls upon the provider. As the provider takes care of storage and safety and, in most cases, bear the convenience and other associated fee, owning and investing in digital gold becomes a quick and hassle-free experience.
● Convenience
Besides the convenience of ownership, digital gold is also much easier to buy and resell. With a tap on the screen, you can complete these transactions anytime and anywhere.
● Profitable
Buying physical gold poses the challenge of purity assessment and the added cost of commission and making charges, as these long-term assets are bought from dealers. MMTC-PAMP’s Digital gold carries its 24K, 999.9 authentic purity grade and eliminates the middleman, thereby comparatively making it a more profitable choice.
Should Digital Gold be a Valuable Player in Your Long Term Investment Plan?
The flexibility to buy and sell digital gold at any time and from anywhere has made it the choice of investment for digital natives looking to both experiment in the short term as well as draft their long-term investment portfolio.
Also, the younger generation looks at making investment decisions at opportune moments rather than auspicious days. This heralds the need for quicker transactions – that would otherwise not have been possible with physical gold – and has prompted netizens to quickly warm up to the idea of investing in digital gold.
Gold investments have throughout the years been touted to be a resilient and stable option and have found a favorable place in portfolios spanning generations. While the way the invested gold is held is changing, investment in gold, per se, is unlikely to go out of style, especially for those looking to include it in their long-term wealth-building kitty.
With the pandemic re-shifting the focus back to gold investments amidst the volatility of the stock market and digitization making the process convenient, secure, and safe, gold investment providers are seeing an influx of investors on their platforms.
As the average age of the investors keeps changing, so will their preferred way of investing. And while investment in gold will always hold value in every portfolio, as gold will continue to remain a profitable instrument reaping long-term gains, the traditional models of gold investment will soon be rendered obsolete with the evolution of technology. Considering investing in digital gold to build long-term wealth is a much smarter and safer move for digital natives opting for a trusted instrument in the comfort of the familiar digital space.
Categories
Recent Posts
-
Can I cancel my gold purchase?
bhavika sony
Sep 30, 2022 6:57 AM
Web Content Article
null null null {} Once MMTC-PAMP has accepted your offer to buy, cancellations or refunds are not allowed. You can however sell your gold back to MMTC-PAMP 72 hours after your first purchase {} Can...
-
How do I sell the gold I have accumulated?
bhavika sony
Sep 30, 2022 6:59 AM
Web Content Article
null null null {} When the sale back window (open sale back window) is active, you can offer to sell your Gold accumulated on Partner Platform in either Rupees or Gram. For example, you can offer...
-
Why is the ‘sell price’ lower than ‘buy price’?
bhavika sony
Sep 30, 2022 7:00 AM
Web Content Article
null null null {} Gold like any other commodity, which is tradable has a buy-sell spread. The spread for Digital Gold buy and sell transactions is due to 3% GST and other handling and processing...
-
How do I redeem my gold?
bhavika sony
Sep 30, 2022 7:01 AM
Web Content Article
null null null {} You can select the quantity and denomination of the gold you wish to redeem from the available options of coins on the Partner Platform. You can request for all or part of your...
-
Are there any charges associated with transfer?
bhavika sony
Sep 30, 2022 7:02 AM
Web Content Article
null null null {} There are no charges associated with transferring gold balance. {} Are there any charges associated with transfer?
-
What is the maximum period for which MMTC-PAMP will store my gold
admin admin
Sep 23, 2022 10:12 AM
Web Content Article
null {} null What is the maximum period for which MMTC-PAMP will store my gold? You can buy and store your gold FREE of cost for a period of 5 years from the date of purchase with us. This period...
-
AGGARWAL JEWELLERS
akshith kapoor
Oct 25, 2022 6:44 AM
Web Content Article
DELHI Authorised Jewellers null 77.12236315390332 null null NEW DELHI ajs.satish@gmail.com Buy Gold & Silver Coins 28.595245586730385 AGGARWAL JEWELLERS India null 110010...
-
AMORINO
akshith kapoor
Oct 25, 2022 6:52 AM
Web Content Article
DELHI Authorised Jewellers null 77.20455998089089 null null DELHI mail@amorinoindia.com Buy Gold & Silver Coins 28.551646991694966 AMORINO INDIA null 110016...
-
AMYRA JEWELS
akshith kapoor
Oct 25, 2022 6:57 AM
Web Content Article
DELHI Authorised Jewellers null 77.14114928091759 null null NEW DELHI hi.amyrajewels@gmail.com Buy Gold & Silver Coins 28.697577413082332 AMYRA JEWELS INDIA null 110034...
-
BABA DESHRAJ & SONS JEWELLERS
akshith kapoor
Oct 25, 2022 7:45 AM
Web Content Article
DELHI Authorised Jewellers null 77.12451409623725 null null NEW DELHI mahalaxmijewels@gmail.com Buy Gold & Silver Coins 28.71870220952194 BABA DESHRAJ & SONS JEWELLERS INDIA null 110085...
-
BELGEE DIAMONDS PRIVATE LIMITED
akshith kapoor
Oct 25, 2022 7:54 AM
Web Content Article
DELHI Authorised Jewellers null 77.2292696539026 null null DELHI belgeediamonds@gmail.com Buy Gold & Silver Coins 28.574692034593983 BELGEE DIAMONDS PRIVATE LIMITED INDIA null 110024...
-
GOEL JEWELLERS- KUTCHA MAHAJANI
akshith kapoor
Oct 25, 2022 8:16 AM
Web Content Article
DELHI Authorised Jewellers null 77.2288348962351 null null NEW DELHI goelmadhav92@gmail.com Buy Gold & Silver Coins 28.657497176284917 GOEL JEWELLERS- KUTCHA MAHAJANI INDIA null 110006...
-
GOPAL JEE JEWELLERS
akshith kapoor
Oct 25, 2022 8:26 AM
Web Content Article
DELHI Authorised Jewellers null 77.28164532322428 null null DELHI gopaljeejewellers@rediffmail.com Buy Gold & Silver Coins 28.66063278325055 GOPAL JEE JEWELLERS INDIA null 110051...
-
GUPTA JEWELERS PVT LTD.
akshith kapoor
Oct 25, 2022 8:31 AM
Web Content Article
DELHI Authorised Jewellers null 77.06070218273926 null null NEW DELHI guptajewellers1234@gmail.com Buy Gold & Silver Coins 28.61923677885569 GUPTA JEWELERS PVT LTD. INDIA null 110059...
-
H.T CHAIN CO.
akshith kapoor
Oct 25, 2022 8:43 AM
Web Content Article
DELHI Authorised Jewellers null 77.15495395390617 null null NEW DELHI jatin4205@gmail.com Buy Gold & Silver Coins 28.678968348190192 H.T CHAIN CO. INDIA null 110035...
-
DELHI DIAMONDS
akshith kapoor
Oct 25, 2022 7:59 AM
Web Content Article
DELHI Authorised Jewellers null 77.1529738539066 null null DELHI delhidiamonds@gmail.com Buy Gold & Silver Coins 28.692536131033663 DELHI DIAMONDS INDIA null 110034...
-
JAIN AABHUSHAN PVT. LTD.
akshith kapoor
Oct 25, 2022 9:01 AM
Web Content Article
DELHI Authorised Jewellers null 77.22860708089448 null null DELHI jainabhushan@gmail.com Buy Gold & Silver Coins 28.657185372339608 JAIN AABHUSHAN PVT. LTD. INDIA null 110006...
-
K K JEWELS
akshith kapoor
Oct 25, 2022 9:08 AM
Web Content Article
DELHI Authorised Jewellers null 77.2040434673964 null null DELHI kkjewelsinfo@gmail.com Buy Gold & Silver Coins 28.551952983680515 K K JEWELS INDIA null 110016...
-
KAMAL MAHALAXMI JEWELLERS
akshith kapoor
Oct 25, 2022 9:12 AM
Web Content Article
DELHI Authorised Jewellers null 77.12307689439103 null null DELHI kamalmahalaxmi.j@gmail.com Buy Gold & Silver Coins 28.71631475904281 KAMAL MAHALAXMI JEWELLERS INDIA null 110085...
-
KANDA JEWELLERS
akshith kapoor
Oct 25, 2022 9:18 AM
Web Content Article
DELHI Authorised Jewellers null 77.0953345250707 null null NEW DELHI rajkanda_121@yahoo.co.in Buy Gold & Silver Coins 28.66938146099221 KANDA JEWELLERS INDIA null 110063...
- News
- News
- Minted Products
- Digital Gold
- News
- Sell Gold
- Digital Gold
- Sell Gold
- Sell Gold
- Digital Gold
- Fashion & Culture
- Digital Gold
- News
- News
- News
- News
- News
Enter your mobile number to proceed
We are currently accepting new accounts by invitation only