In a country like India, where gold is considered a fundamental part of our culture, fluctuating prices can often impact a family’s financial planning. These price fluctuations are also directly impacted by the current global geopolitical situation. However, even with potential issues arising from price increases, the demand for gold has persisted and the yellow metal still has preferred status as the investment tool of choice. And with the advent of digitization and technological advancement, gold investment and transactions are now seen in a new light.

Online platform like mydigigold ensures lucrative deal of buying and selling digital gold from your own comfort zone with secure storage, safety and genuineness of the yellow metal you buy.

So, if you are looking for the answer to the question such as how this process takes place digitally, let us walk you through the whole process of investing in digital gold in this detailed guide.

First of all, criteria one needs to follow to invest in mydigigold -

1. Any Indian resident with a valid pan card/Form 61 and a bank account in one’s name can enroll for My DG gold
2. Pan card or KYC document is mandatory in case of a single purchase of gold worth of 2,00,000 or more
3. The minimum quantity of purchase is 0.05 gm and the maximum amount of purchase is 10 lac per transaction

Buying digital gold on mydigigold mobile application is very easy. Here’s how you do it -

1. Open the mydigigold app on your mobile phone and register with your mobile no
2. Click on ‘Buy’ option and enter the amount or quantity of gold you wish to buy
3. After you get redirected to the payment option click on your preferable payment option like UPI, Credit or Debit card, Net Banking or from your paytm/Airtel money/Mobikwik wallet and complete the purchase.

After the transaction an online statement will be available at all times and you can view it by clicking on the portfolio statement link. And you can sell your purchased gold only after 2 working days of your purchase.

Now buying and selling of digital gold is easy and within everyone’s reach without much hassle and it takes only a few minutes to be done on mydigigold that offers you the best service of investing in digital gold with the comfort of your home.