Disadvantages of the digital gold differential: This includes the handling, transaction and storage costs that must be paid when purchasing digital gold, which range from 2 to 3%. The cost of the spread only applies to you when you buy virtual gold and not when you sell it. Once the investment limit of 2 lakhs of rupees is set and a regulatory body is established, Digital Gold will be an attractive investment for those who prefer to invest in physical gold. Once you invest in digital gold, these trading companies purchase an equivalent amount of physical gold and store it under your name in secure vaults.
But is the process really as easy and comfortable as it seems? Let's see how you can invest in digital gold. Despite being in the midst of a global pandemic, Indians have found a new way to invest in the yellow metal: digital gold. However, during a pandemic, another method of investing in gold that has gained immense popularity is digital gold. First, visit any of the platforms that offer investments in digital gold, such as Groww, Paytm, HDFC Securities, G-Pay, Motilal Oswal, etc.
Sell whenever you want: you can choose to sell your gold digitally on the platform whenever you want. However, there are better options for investing in gold, such as sovereign gold bonds and gold ETFs, instead of opting for digital gold.