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.

A modern-day investment option, digital gold is bought online and stored in insured vaults of the seller on your behalf. This 24 Karat secured investment can be made via multiple mobile payment platforms and internet banking portals from anywhere in the world. Safer than purchasing physical gold, especially during a pandemic, digital gold is the need of the hour to help diversify a portfolio. Every purchase of digital gold once confirmed by you is then physically bought and stored securely under your name by the seller. As a first time buyer, here is a guide to help you get acquainted with digital gold: 

 

Where to Buy 

 

The first question any first-timer has is where to buy gold online ? In India today, digital gold is available on all e-wallets like PhonePe, Paytm, GooglePay, and more. Besides these apps, MMTC PAMP, the world’s most trusted and renowned refiner of gold and silver, lists and sells gold online. When you buy from an authorized producer like MMTC PAMP, there is no intermediate broker, nor do you have to worry about the authenticity of your gold, resale policy, or its purity. 

When you purchase digital gold from the joint venture between the Government of India Undertaking and MMTC Ltd and PAMP S.A. of Switzerland, you are buying only 999.9 pure gold.
 

Advantages of Buying Digital Gold

1. Transparency in Pricing 

One of the advantages of purchasing digital gold from MMTC PAMP is the access to quality pure gold at live market rates. The LBMA-accredited precious metal refinery allows buyers to buy digital gold at international market rates, 24 hours round the clock, 365 days of the year. 

 

After purchasing, whether after a day, a year, or ten, you can resell your digital gold back to MMTC PAMP at the current market price. The prices are not affected by local factors including large events such as a pandemic, so you receive the entire resale value directly into your bank account. 

 

2. Secure Transaction 

Running one of the largest gold ecosystems in the world, MMTC PAMP won the ‘Best Refiner of the Year’ from 2013 to 2019. From a minimum purchase value of Re.1, the gold you buy digitally is also physically bought in your name and stored in insured vaults of MMTC. The responsibility of safely storing the gold lies with the seller and reduces the risk of theft or loss on your end. 

3. Exchanging Digital Gold 

Apart from enjoying the flexibility of selling your digital gold at a live current market price, you can also exchange your gold for coins and bars that will be delivered right to your doorstep. 

 

Gold is more than just an investment for Indians. It is a sentiment that comes particularly handy in times of crisis. One of the best ways to diversify your portfolio is to invest in digital gold. It has endless advantages like flexible investment amounts, no additional charges for resale, quality assurance, and 999.9 purity guaranteed. To know more about how to build your pure gold portfolio online, head over the MMTC PAMP website here. 

*Disclaimer

The information contained herein is not intended to be a source of advice or credit analysis concerning the material presented. The information and documents contained in this article do not constitute investment advice. The ideas presented in the blog should not be used without first assessing your personal financial situation or without consulting a financial professional.