If you are interested in digital gold investment, there are several benefits you can expect. For starters, E-gold is very liquid, and there are no impurity concerns. It is also easy to buy and sell. You don’t have to rent storage space or go through any hassle. This allows you to access your gold at any time and at any place. Buying and selling digital gold can also be done quickly and easily in times of financial emergency.
Another advantage of investing in digital gold is that there are no minimum investment amounts. You can invest as much or as little as you wish. As long as you have a reliable internet connection and a computer, you can purchase gold. You can then enjoy a monthly passive yield. This is a great way to get started in investing.
You can purchase digital gold through a variety of platforms, using various payment methods. Some platforms allow you to purchase digital gold by weight. Some of these platforms also offer you the option to purchase digital gold through your bank account or debit card. Once purchased, your gold will be stored in a vault that is 100% insured.
Another benefit of digital gold is that it is linked to global markets. That means that if you ever want to sell your digital gold, you will get a fair price for it. This is important to keep in mind, as digital gold is not as tangible as physical gold. Physical gold, however, has a long history of serving as a source of emergency money.
A Jar App is an excellent platform for investing in digital gold. It has an easy-to-use interface and a low onboarding process. With the app, you can invest any amount, from a single rupee to as much as 30 grams. This platform also supports UPI and eNACH mandate, so your transactions are rounded up automatically. Jar is also backed by the NPCI and the best UPI service providers in India. The Jar app also allows you to purchase and sell digital gold without KYC, and it has a convenient delivery system.
Once you’ve bought Digital Gold, you can redeem it for physical gold at a jeweller or bank. This method offers delivery of physical gold to your doorstep, but you’ll need to pay delivery charges. However, if you want to hold your gold for a longer time, you’d be better off opting for a Gold ETF or Sovereign Gold Bond Scheme.
When you sell your Digital Gold, you’ll have to pay a capital gain tax when you sell it. The tax is generally between 0.3 and 6% of the amount you’ve invested. This tax will only be payable if your Digital Gold investment is worth more than Rs50 lakh.