Besides being one of the largest markets for Gold, India is the second-largest gold consumer worldwide. In recent years, digital Gold has gained traction among investors. Even though physical Gold is the most common and popular method of investing. You can learn more about the benefits of digital gold investment. And why you should consider investing in digital Gold by reading the following sections.

What is Digital Gold?

One can purchase Gold online; an equivalent amount of that Gold is been stored as physical Gold in an insured vault. A digital gold alternative to buying Gold in its physical form. There is a minimum purchase amount of one rupee, and customers can sell the entire Gold or a fraction of it anytime at the current market rate. Which is 24K and is government certified.

The new age of gold buying is digital Gold, which offers an alternative to online gold buying since it is more convenient and cost effective than traditional gold purchases. One of three gold banks in India stores actual 24k Gold in a locker in your name for every gram of Gold you purchase. On the app, investors can easily buy, sell, or order physical Gold and get it delivered.

Why is Digital Gold Investments safe? And What are its Pros?

Here are some advantages that can be from investing in this yellow metal in a digital form. Digital Gold offers the following benefits:

• Secure storage is the most significant advantage of digital Gold is hassle-free and safe storage. eSwarna is the leading company offering digital Gold. The purchased Gold is been stored in your purchased Gold in secure vaults, and stop worrying about gold theft.
• Investing in Gold is not limited to a certain amount; there is no lower limit. An individual may buy as much Gold as he/she wishes, and the amount the individual has invested will give them.
• It is possible to use digital or electronic Gold as collateral for loans since it is 24K purity. It is been stored in a secure vault, so some lenders accept it as collateral for loans. By using this method, borrowers can avoid the hassle of collateral paperwork and lessen their chances of getting a loan rejected.
• Digital Gold is exchangeable anytime and anywhere for physical Gold, coins, and billions. Allowing individuals who want to convert their digital assets into physical assets to do so.
• There is no need to worry about purity or genuineness since Virtual Gold contains 24K and is 999.9% pure.  

Why are people Investing in Digital Gold?

Let us check out how your Digital Gold Investment works; imagine buying a piece of jewelry from a jewelry shop at a fixed price. But you are not sure how much and of what quality it is. But still you have to pay extra for the making charges, etc. You take it home and store it securely.

Is it even worth paying so much if one is not sure about quality and safety?, Of course Not.

It is possible for a robbery to occur at your house, and you could lose all the Gold you possess. Also, with the trending era, design has become outdated. It needs to polishing after 10 years; spend more money than you originally invested if you use it after 10 years.

But Digital Gold makes all things in your favor. You can purchase 24k Gold online, guaranteed safe and secure, and stored in vaults insured by the seller. You dont have to pay fancy amounts, but you could invest as little as Re. 1.

In the future, either sell the Gold at market value or convert it into Physical Coins, Bars, etc. That sounds too good to be accurate, but there is one catch. You can’t show it off in public or hold it in your hand.

Who should consider purchasing Digital Gold?

In addition to the ability to purchase digital Gold in small amounts, effortless delivery. And liquidity options, millennials and Gen Z have grown increasingly attracted to it. Whenever you buy digital Gold, you purchase it from intermediaries. Who help you access that Gold from reputed companies such as eSwarna. As intermediaries are responsible for the safety of your digital gold holding. They charge a small percentage as investment charges.

People who cannot afford physical Gold, or cannot invest large sums at one time, can use digital Gold. Digital Gold can been bought and sold instantly at market rates. So there is no need to visit different jewelry shops to get discounts on making charges.

As well as gold bonds and gold ETFs, investors can invest in other forms of digital Gold regulated by SEBI and RBI. Digital Gold appears to be a lucrative investment option for short-term investors. Due to its flexibility in redemption compared to SGBs. In contrast to SGBs, digital Gold, bought and sold instantly using the same platform used to buy it.

Although SGBs have a tenor of eight years, they are only eligible for encashment or redemption. Mutual funds and ETFs have high costs, including expense ratio and other related charges. For those who show interest in starting out in the investment ecosystem and want easy-to-invest options. Hence, digital Gold seems like an ideal option.

Digital Gold offers a great deal of versatility. And it is an excellent option for people who want to save Gold for future use because they can sell it and buy it at any time of the day. There are a lot of ways to buy it.

With eSwarna, you can invest in yellow metal most straightforwardly, as it helps you save money from every transaction you make daily. With our automated investment system, you can accumulate digital Gold for a secure future. By automatically investing your reserved change into digital Gold.

Conclusion

Digital assets are replacing conventional physical assets in the world; despite difficulties. Such as investment restrictions and the lack of a governing authority. Virtual or online gold is a profitable investment alternative. As well as being versatile, pure, and affordable, it provides good value.To read more blog on finance topic like  sip in gold investment or buy digital gold  visit here.