Where to buy? Features and disadvantages explained

Forward of the festive seasons in India, jewellers are promoting gold for as little as 100. Digital gold gross sales aren’t a brand new idea in India, with rising digital purchases extra persons are exploring the choice of shopping for the yellow metallic by way of the web. Tata Group’s Tanishq, Kalyan Jewellers India Ltd., PC Jeweller Ltd are promoting gold for as little as 100 both immediately on their web sites or by way of tie-ups with digital gold platforms.

What’s digital gold?

Shopping for digital gold could be very straightforward. It may be purchased on-line and is saved in insured vaults by the vendor on behalf of the shopper. All you require is Web/cell banking and you may spend money on gold digitally anytime, wherever.

Key options of digital gold

Security Assured

In contrast to bodily gold, it’s just about purchased and also you don’t have to fret about theft or costly locker charges. 

Promote anytime from dwelling

Promote anytime, with out going wherever and obtain cash immediately in your account.

Convert to bodily gold

You’ll be able to convert your digital gold to bodily gold anytime within the type of jewelry in our retailer or our web site.

Purchase as little as 100

Digital gold doesn’t require a big sum of cash for purchasing. You should buy based mostly in your funds

How one can purchase digital gold by way of Tata Group’s Tanishq

1) Login or Register with Tanishq.

2) Full your account setup with eKYC

3) Enter your quantity in rupees or gold in grams to purchase

4) Select your fee technique. You should have a number of fee choices to select from resembling an account, card, or pockets.

Three main digital gold sellers

India has three main digital gold sellers—Augmont Gold; MMTC-PAMP India Pvt. Ltd

Benefits of digital gold

One of many benefits of digital gold is that it gives the choice to take bodily supply of gold. One can take bodily supply on the completion of the funding interval or at any time when one sells the gold. However bear in mind, there are making expenses as bodily gold must be delivered within the type of cash or bars, relying on the amount. Making expenses varies relying on the design of the coin. Aside from this, supply expenses must be paid individually.

Disadvantages of digital gold

1) GST on digital gold

Once you purchase digital gold, you must pay 3% items and companies tax (GST) similar to within the case of shopping for bodily gold.

2) Lack of an official government-run regulating physique resembling RBI or SEBI.



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