Gold can be bought directly as jewellery, coins or bars. But for those who don’t want to buy gold directly, but still want to invest in gold and get profit, digital gold is available.
Under this you can buy digital gold through mobile apps like Phonepe, Paytm. You can buy digital gold from just Rs 1. Digital gold can be bought continuously in Rupees and Grams.
Gold will be kept safely in a separate locker in your name. There is no charge for this locker. Once the price of gold rises, you can sell digital gold and make a profit. Or you can get gold delivered directly to your home.
Additional income
In this case, Safegold, a company providing digital gold services, has introduced a new facility to earn additional income using digital gold.
According to this, digital gold holders can lease their gold to small jewelers. The user can choose the dealer and the lease period. The amount paid by the jeweler over the lease term is the profit to the user.
A person can lease digital gold from a minimum of 0.5 grams to a maximum of 20 grams. The lease period ranges from 30 to 364 days. Profit amount will be credited to user’s digital gold account. Profit also accrues in form of gold on gram basis.