90% respondents projected an inclination in direction of digital gold as their most well-liked selection of funding, in accordance with a modern survey carried out by digital foreign money platform SafeGold. The report highlighted that 67% of the respondents most well-liked to put money into gold owing to its long-term positive aspects. While 46% respondents acknowledged that they put money into gold throughout festivities or through the marriage season, 26% mentioned that they put money into gold on a month-to-month foundation. Over 38% of the respondents mentioned that they don’t perceive crypto and 30% responded about being hesitant to speculate on this house.
With the emergence of digitisation, millennials are redefining their funding methods, Gaurav Mathur, founder and MD, SafeGold, mentioned. “They are shunning traditional investments such as bonds, real estate, equity shares, etc, in favour of digital options. With this data survey, we witnessed the inclination towards new-age investment options among investors. We look forward to seeing how digital gold is paving its way into the portfolios of investors giving us the opportunity to further educate and reassure consumers about it being an investment asset,” he added.
Aimed to grasp the buyer behaviour and preferences of digital traders, the survey noticed participation from over a 1000 respondents. The common age group of the respondents was between 30-40 years, majorly primarily based out of cities corresponding to Mumbai, New Delhi, Pune, and Bangalore.
SafeGold claims to have had a 70% development in its userbase within the final six months. It additionally claims that its income development elevated by 300% within the final three years, which reached an annual income of Rs 2,000 crores ending March 31, 2022.
Source: www.financialexpress.com”