Gold Investment: Gold may be expensive, but it's still not out of your budget! If you want big returns in the future, invest like this...

In India, gold isn't just an investment, but it's also a part of tradition. From weddings, engagements, and mundan ceremonies to festivals like Dhanteras and Diwali, gold jewelry is a common purchase. Grandmothers have been investing in gold since ancient times. The goal is to accumulate gold at home to fulfill all desires and be useful when needed. However, with gold prices rising these days, it seems it's becoming increasingly out of reach for the average person. Arranging thousands or even lakhs of rupees to purchase gold jewelry isn't easy for everyone.

However, if you want to buy gold for investment purposes, it's still within your reach. Today, you have the option of digital gold, which you can purchase according to your budget. The special thing is that it offers pure 24-carat gold, which is unavailable even in traditional gold jewelry. If you want to earn better returns in the future by investing in gold, learn about the many benefits of digital gold here.

Learn what digital gold is.
Digital gold means purchasing gold in electronic or paper form, rather than in physical form. It is stored in your name in a secure wallet. This allows you to benefit from rising gold prices while saving you the hassle and risk of storing physical gold.

Why Choose Digital Gold?
Investing in digital gold has several advantages that make it superior to physical gold:

Investing on a Small Budget
You can buy digital gold with as little as 1 rupee. This makes it accessible to everyone, regardless of your budget. If you invest 2,000, 3,000, or even 5,000 rupees in digital gold every month, you can gradually accumulate a significant amount of gold.

Guaranteed Purity
With digital gold, you purchase 24-carat pure gold, which is guaranteed to be pure. Physical gold is always subject to uncertainty regarding its purity. Jewelry typically exceeds 22 carats. Furthermore, you can also convert digital gold into physical gold.

No Making Charges
When you purchase items made of physical gold, you pay a making charge to the jeweler. However, when investing in digital gold, you only pay for the purchase of the gold. You don't incur any making charges, making it cheaper.

Security and Convenience
You don't have to worry about physical gold being stolen or lost. It's safe in your account, eliminating the need to transport or store it. You can easily sell digital gold and receive cash whenever you want. Selling physical gold can often be challenging.

Liquidity
Digital gold can be bought and sold very easily, making it a liquid investment. It can be used as collateral. If it's pledged, loans are easily obtained.

No Demat Account Hassle
A demat account is not required to purchase it. If you don't want to deal with the hassles of the stock market and want to buy gold without a demat account, this is the only digital option.

Where to Buy?
You can buy digital gold through apps like Google Pay, Paytm, and PhonePe. These apps are available on everyone's phone these days. MMTC-PAMP India Pvt. Ltd, Augmont Gold Ltd, and Digital Gold India Pvt. Ltd offers digital gold in India under its SafeGold brand.

How to Buy with Google Pay, Paytm, and PhonePe?
To buy digital gold with Google Pay, first open the app and search for 'Gold Locker'. Here you will see the current price of gold, including taxes. You can purchase digital gold by clicking on the 'Buy' option.

To purchase digital gold from the Paytm app, first open the app. Scroll down and you will see 'Stock and Mutual Funds'. You can purchase digital gold by clicking on the 'Paytm Gold' option.

To purchase digital gold from the PhonePe app, first open the app. Then go to the 'Wealth' section. Then click on the 'Gold' option. From here, you can purchase digital gold as per your requirement.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.