With a rise in digitalization, the share of recent age investments like digital gold has gone up and is slowly paving its means into the portfolio of buyers.
SecureGold, a digital gold platform in India, at present launched insights from an information survey. The survey aimed to know the patron behaviour and preferences of digital buyers and noticed participation from 1000+ respondents.
The report acknowledged that 90 per cent of respondents confirmed curiosity in digital gold as their most well-liked alternative of funding, whereas 46 per cent of respondents spend money on gold solely throughout festivities or through the marriage season.
26 per cent, alternatively, acknowledged that they spend money on gold each month.
The report additional acknowledged over 30 per cent of respondents don’t spend money on cryptocurrency due to excessive volatility. The common age group of the respondents was between 30-40 years, majorly primarily based out of Metro cities like Mumbai, New Delhi, Pune, and Bangalore.
Below are among the key insights from the survey;
● In India, customers throughout ages and genders, spend money on gold for functions like gifting, wedding ceremony, non secular connotations, investments, and so forth. 46 per cent of respondents spend money on gold throughout festivities or the wedding season, whereas 26 per cent acknowledged that they spend money on gold each month.
● 90 per cent of respondents projected an inclination towards digital gold as their most well-liked alternative of funding for diversification of portfolio. Digital gold has gained traction and individuals are exploring the risk-free, storage proof digital funding possibility.
● Gold has all the time been thought of a sturdy retailer of worth and a hedge towards inflation. 67 per cent of the respondents stated that they spend money on gold owing to its long run positive aspects.
● With the rising affinities round different digital funding avenues and the Web3 funding ecosystem, like NFTs and cryptocurrency, buyers are eager to discover this house. However, over 38 per cent of respondents stated that they don’t perceive crypto and 30 per cent are hesitant to speculate on this house.
Gaurav Mathur, Founder and MD, SecureGold says, “With the emergence of digitization and new age, millennials are redefining their investment strategies. They are shunning traditional investments like bonds, real estate, equity shares etc. in favour of digital options for a better and secure future.”
He additional provides, “With this data survey, we witnessed the inclination towards new-age investment options among investors. We are also very excited to see how digital gold is paving its way into the portfolios of investors allowing us to further educate and reassure consumers about it being a strategic investment asset.”
The digital foreign money platform, SecureGold witnessed a whopping 70 per cent development within the variety of customers within the final 6 months alone and the income numbers have elevated by 300 per cent within the final 3 years with annual income of Rs 2000 crores ending thirty first March 2022.
Source: www.financialexpress.com”