Gold has been one of the valuable metals in India, as it holds significant value in Indian traditions and social occasions. Almost every Indian household buy and gift gold during wedding seasons and religious festivals. There is no celebratory occasion that goes without the use of the yellow metal. Most people buy gold to donate to temples. That is the reason you can see Indian temples filled with gold idols. Besides that, gold is a great investment option as it offers a shield against inflation.
With the increasing demand for gold and shrinking economies, gold has become a scarce commodity in the global market. However, digital gold is becoming more popular among investors. The process of buying gold in Kerala or anywhere else in India has become an easy, convenient, and flexible option. You can buy e-gold from the comfort of your home. All you need is a smartphone or laptop with internet availability.
Unlike physical gold, you do not need to visit any physical location to buy gold in Delhi. The best part is that you can get the purest form of gold, such as 22-karat, at the prevailing market price. You can also redeem the entire gold amount in the future.
Features of digital gold
Before buying gold online in Kerala or from any other city in India, here are the top features you must know before making a purchase:
- You do not have to worry if you do not have enough investment amount. You can buy digital gold for as low as Rs. 20, depending on the gold seller.
- You can buy digital gold based on the weight or the specific amount you want to dispense.
- The minimum amount of gold you can buy is 1 gram.
- The purchased gold is stored in a secured vault under the buyer’s name.
- You have the luxury of redeeming the gold in the future by obtaining liquid cash.
Reasons you need to start investing in digital gold
Whether you want to buy gold in Delhi or Kerala, investing in digital gold is an easy and safe wealth-creating opportunity. Here are top reasons to invest in digital gold:
- Lack of restrictions: The reason young investors opt for digital gold is that there is no restriction on how much one can invest to buy gold. You can buy gold even with an as small amount as Rs. 20.
- Assured Quality: The benefit of buying gold online in Chennai is that you are guaranteed the best quality gold. For instance, you can only buy 24-karat gold.
- Redemption: It enables you the flexibility to redeem the digital gold into liquid cash, physical gold coins, or gold bars without any hurdle.
- Collateral against loans: Another benefit of investing in digital gold is that you can use the stored value as collateral and secure loans to cater to a cash crunch. However, it is worth noting that the loan amount depends on the value of the digital gold. Keep in mind that you do not make timely repayments, the lender has all the right to take your gold.
- Ensured safety: Another benefit is that you do not have to take any measures to ensure the safety of your gold, as it is not subject to theft or loss. After buying gold online, it is stored in a secured vault verified by an independent trustee.
- Transaction record: When you buy digital gold through online applications, it enables you to keep a record of transactions. If you have any doubts about past transactions, you can check online at anytime from anywhere.
- Investment diversification: Investors put their money in digital options more as it allows them to balance or hedge their portfolio to reduce the risk concentration that comes with keeping physical cash or investments.
- Instant updates: It is worth noting that the digital gold platforms are linked with real-time market rates. Any changes in the gold prices will instantly reflect in the apps, allowing you to take advantage of the latest gold rates.
- No storage cost: After buying gold online in Chennai, the seller allows you to keep your gold in a secured vault for up to five years without incurring any additional cost.
Also Read: Selling Gold to get Instant Cash
In short
With the availability of the internet, investing in digital gold is the best way to hold your hard-earned money and earn some extra cash. The benefit of buying gold online is that you can use the purchased gold as collateral to secure loans in the future. But, the gold loan amount depends on the value of gold stored online.