Digital Gold: Indians’ love for jewelery like gold and silver is well known. Especially in India, buying gold in the festive season like Dhanteras, Diwali is considered very auspicious. In difficult times, gold is also used to meet the financial needs of oneself or the family. This is the reason that apart from jewelry, it is also known as an investment option. However, when it comes to the process of investing in gold, the first question that comes to people’s mind is which is better to invest in digital or physical gold. Investing in digital gold has become increasingly popular and the trend is expected to continue in the future as well. Digital gold has also made investing easy and reliable.
If you are also planning to buy gold in this festive season, then this is a great opportunity for you. MMTC-PAMP is offering Digital Gold to its customers for just Re 1. That is, you can start your investment by buying digital gold from MMTC-PAMP for just one rupee. MMTC-PAMP is the only LBMA accredited gold refinery company in the country. It allows customers to buy, sell or redeem gold. Under this, customers can buy certified gold of 999.9 purity for as low as Rs 1.
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Can invest daily, weekly or monthly
Vikas Singh, Managing Director and CEO, MMTC-PAMP says, “It is very economical to invest in digital gold. Through this, investors can deposit a very small amount in daily, weekly or monthly intervals. Due to this facility, it has become easy for everyone to buy gold, as buyers do not need huge amount of money for this. Investing in digital gold is quite easy. 3% GST is charged at the time of purchase of Digital Gold, apart from this no additional tax is levied. MMTC-PAMP is India’s only LBMA Accredited Gold Refinery Company for both Gold and Silver and is linked to the Global Market. This means investors can invest regardless of the local market conditions.”
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What is Digital Gold?
Simply put, digital gold is gold purchased through a partner transaction platform. It can be purchased through UPI wallets like PayTM, Gpay, PhonePe, an online retail store or a bank. Digital gold can be bought for as low as Rs. In this, for every gram of digital gold purchased, MMTC-PAMP stores the same quality and quantity of physical gold in its vault. The advantage of this is that customers do not have to worry about keeping the purchased gold with them. It is insured for protection against any untoward incident in which IDBI Trusteeship Services Limited is the security trustee.
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