Since Covid-19 pandemic, gold prices rallied to historic highs that encouraged more investors to invest in the precious metal. People who are not familiar with the different avenues of investment in gold, gradually became interested in the same. So, if you are one of those looking to invest in the precious metal, you must be sure about the vast opportunities and options in the investment and its benefits. An investor should always consider the particular purpose behind it. Some are looking for gold ornaments and some are looking for more profit or return out of it - in both the cases digital gold is certainly a better option to invest than gold coins or physical gold options. In this blog we will discuss why you should consider buying digital gold over physical gold. Investment in the digital form of the yellow metal can bring a host of advantages. These are as follows -
Buy or Sell Gold Anytime
Digital gold provides you with immense ease and flexibility for both buying and selling of gold. You can buy or sell gold anytime of the day. You don’t need to pay any additional charges for buying and selling gold digitally.
Invest A Minimal Amount
Now you don’t need to expend a large sum of money to buy gold unlike physical gold. You can invest in digital gold with as low as 0.05 gm and redeem it whenever you wish to.
Secure Storage
The most significant advantage of digital gold is its hassle-free and safe storage. When you buy gold digitally, the gold of equal amount is stored physically in a vault by the merchant in highly secured premises.
Genuineness
Digital gold is 24K and thus it comes with 99.9% purity. Buyers do not need to worry about purity. Chances of fraud are negated and investors get the value that they have paid.
With the advent of digital gold, now buying and selling of gold has become easier and safer for the new age investors which has surely revolutionized the means of investing in gold.