Skip to main content

Ready to Invest in Digital Gold? Here Are Top 4 Ways

 Digital gold is becoming a feasible option for people who want to invest in gold. Short-term investors are also interested in purchasing digital gold because it is generally stable and can give passive income.

Here are several options for purchasing digital gold:

1) Gold Wallets on Apps

Several companies, including Wizely, have recently introduced gold wallets.

Did you know you can buy gold from as low was Rs 10 on the Wizely app? You can even earn rewards up to Rs 25 lakhs on the Wizely app. See for yourself, download the app right away!

PhonePe, GPay, and Paytm are also some other companies that offer this service to their customers.The digital gold is kept in highly secured gold vaults. The gold purity is predetermined, and it may be traded and acquired at any time and from any location using these mobile applications.Also read: What is Digital Gold? Why Should You Invest in it?

2) Sovereign Gold Bonds (SGBs)

The Reserve Bank of India (RBI) issues sovereign gold bonds on behalf of the government.

  1. These bonds were first issued in 2015 as part of the Gold Monetization Scheme. The RBI issues these bonds in several tranches throughout the year.Each bond represents one gram of gold, allowing investors to invest in gold digitally.These bonds have a favourable annual interest rate of 2.5 per cent, paid semi-annually by the RBI and added to the return.SGBs are considered exceptionally stable because the government backs them.The RBI offers a redemption option after the fifth year on these bonds, which have an eight-year term.Liquidity is provided by the bonds' ability to be exchanged on stock markets.Individuals are limited to 4 kg, and Hindu Undivided Families (HUFs) are limited to 20 kilograms per year.

Sell your digital gold anytime anywhere and receive money directly to your account with Wizely!

3) ETFs that Invest in Gold

The term "exchange-traded fund" refers to a mutual fund whose units can be purchased on stock exchanges. SBI Gold ETF, AXIS Gold ETF, and Nippon Gold ETF are a few asset management companies (AMCs) that offer their own gold ETFs.Gold ETFs are a practical method to invest in tiny amounts of gold.

  1. These are ideal for investors who want to acquire gold in tiny amounts and store it in a Demat account.These AMCs invest the money in gold with a purity of 99.5 per cent, making it a secure investment.This is a beautiful alternative for small-cap investors, such as students, who want a gold allocation.

Invest in gold for as low as Rs 10 on Wizely and earn rewards every time!

Investing in gold ETFs has several advantages.

  1. Gold purity is guaranteed to be 99.5 percent pure.The mutual fund business is governed by SEBI, which alleviates concerns about safety and security.These funds have low expense ratios, such as the Nippon Gold ETF, which has only 0.39 per cent, making it an economical purchase.Various financial organizations simplify investors to borrow money against these ETFs.

Also read: 5 Reasons to Invest in Digital Gold

4) Commodity Exchange (Multi-Commodity) (MCX)

One of the ways to trade gold is through a multi-commodity exchange. MCX provides a trading platform for various commodities, including gold, silver, copper, and other metals. Traders use this platform to trade futures and options in commodities. Traders can also utilize the platform to hedge their positions in gold and other commodities. The metal can be exchanged in various quantitative options such as 1 gram, 8 grams, 100 grams, and 1 kg units.

Source: https://wizely.in/wizeup/ways-to-invest-in-digital-gold.

Comments

Post a Comment

Popular posts from this blog

What is SIP? How Systematic Investment Plan Works?

SIP stands for a systematic investment plan. This is a system that allows investors to invest regularly in a scheme automatically or by themselves. This system will enable them to invest small amounts, which eventually add up in the long run and prove to be extremely useful. Another considerable advantage of this system is that it helps reduce the burden of market volatility through dollar-cost averaging. Since you are investing on a particular day each month, you are likely to get an average purchase price for the asset you bought at the end of the year. Example Let us suppose that you are in a job and earn a salary of Rs. 50,000/- per month. You are looking to invest in mutual funds and can afford to invest about Rs. 10,000/- every month. In such a scenario, you can opt for a SIP plan in your desired mutual fund. This will do that. Rs. 10,000/- will be invested on a particular day of each month in the mutual fund of your choice at the rate at which it would be trading on that
Read more

आईपीओ क्या है और इसे कैसे खरीदते हैं?

  अभी हाल ही में आपने खबरों में सुना होगा कि जॉमेटो और कई अन्य प्रसिद्ध कंपनियों ने अपने आईपीओ निकाले है। आईपीओ आज  निवेश के उन माध्यमों में सबसे ऊपर है जिसमें जोखिम और रिटर्न दोनों ही बहुत ज्यादा है। कम समय में पैसों से अच्छा मुनाफा कमाने का यह तरीका बहुत  बेहतरीन तो माना जाता है लेकिन इसके जोखिमों पर भी ध्यान रखना चाहिए। आइयें आईपीओ (IPO) से जुड़ी कई अहम बातों को सरल तरीके से समझा जाए। प्रारंभिक सार्वजनिक पेशकश या इनिशियल पब्लिक ऑफरिंग (आईपीओ) क्या है? एक प्रारंभिक सार्वजनिक पेशकश या इनिशियल पब्लिक ऑफरिंग जिसे सरल भाषा में आप आईपीओ के नाम से जानते हैं, एक निजी कंपनी के शेयरों को जनता को देने की प्रक्रिया को कहा जाता है। सार्वजनिक शेयर जारी करने से कंपनी को सार्वजनिक निवेशकों से पूंजी जुटाने की अनुमति मिलती है। निजी से सार्वजनिक कंपनी में संक्रमण निजी निवेशकों के लिए अपने निवेश से पूरी तरह से लाभ प्राप्त करने का एक महत्वपूर्ण समय हो सकता है क्योंकि इसमें आम तौर पर वर्तमान निजी निवेशकों के लिए शेयर प्रीमियम शामिल होते हैं। इस बीच, यह सार्वजनिक निवेशकों को भी पेशकश में भाग ले
Read more

How To Start Creating a Budget From Scratch - A Beginner's Guide

Image
 Learning to make a budget is the first step in any financial journey. Whether we like it or not, we are all part of a complex economic system. We live in it and interact with it every single day of our lives. In such an environment, if one wants to grow, it is crucial to understand how this system works and what are the best tools that one can use to navigate this system smoothly. One such tool is a budget planner. But what is a budget? How do we create a budget? In this blog, we are going to cover these questions. Consider it a beginner's guide on how to start creating a budget from scratch. There are a lot of budgeting tools and budget planners available on the internet. Some of these are complicated and could make budgeting seem difficult, but if one understands what a budget is and the essential components that a reasonable budget should cover, a pen and paper are all you would need to create an easy budget that works well. So let us get right into it. What is
Read more