As the auspicious occasion of Dhanteras approaches, a day traditionally celebrated for gold purchases, the digital era brings forth an innovative way to invest in the precious metal. In this guide, we’ll navigate the realm of digital gold, offering insights into the process of making online gold investments and reaping the benefits without the need for physical storage concerns.
How to Buy Digital Gold: A Step-by-Step Guide for Dhanteras Dhanteras is synonymous with gold investments, and the digital age has made it more accessible than ever. Digital gold, a form backed by physical gold stored in secure vaults, allows investors to buy and sell gold effortlessly online. Here’s a step-by-step guide to help you embark on your digital gold investment journey this Dhanteras.
Step 1: Choose Your Platform Visit prominent platforms such as PhonePe, Paytm, Google Pay, 5Paise, or any trusted payment or stock platform to initiate your digital gold purchase.
Step 2: Navigate to Digital Gold Section For PhonePe users, tap on the Wealth option on the home screen, scroll to Investment ideas, and select Gold. Other platforms will have a similar dedicated section for digital gold.
Step 3: Specify Your Investment Enter the desired amount of investment and proceed to the payment section. Digital gold investments can start with as little as Re 1, making it a flexible option for various investors.
Step 4: Complete the Payment Make the payment using the preferred mode, and voila! Your purchased digital gold will be reflected in your account after a successful transaction.
Alternative Ways to Invest in Digital Gold Aside from direct digital gold purchases, investors can explore alternative avenues for gold investment:
- Gold ETFs (Exchange-Traded Funds): These funds track gold prices and are backed by physical gold held by custodians.
- Gold Bonds: Government-issued securities denominated in grams of gold, offering a unit of the bond equivalent to one gram of gold.
- Gold Funds: Mutual funds that invest in gold ETFs, providing a diversified approach to gold investment.
