Since time immemorial, gold has always been everyone’s cup of tea when it comes to investment. But with passing time and digitization taking over almost every sphere, now we have a new and smart way to invest in yellow metal too. Digital Gold! Yes, Digital gold is an efficient and cost-effective way of investing in gold that eliminates the drawbacks and non-refundable charges relating to physical gold like making charges, storage cost and offers you to buy, sell and invest in 24K gold of 995 purity in a small fraction, anytime and anywhere.
On mydigigold, in our previous articles we have shared and depicted what digital gold actually is, how it works, the advantages of it and how it eradicates all the disadvantages of investing in physical gold.
In this article we are going to cover all the crucial information on how to buy 24K digital gold on mydigigold platform. But before we start on how to buy, let’s start knowing why to buy digital gold on mydigigold -
- A hassle-free and safe storage without any locker charges and threat of theft or loss of gold.
- Buyers do not have to worry about purity or genuineness as virtual gold is 24K and thus comes with 99.99% purity. Chances of frauds are negated.
- Mydigigold is a much more convenient and safer way when it comes to investing in digital gold. You don't need to worry about the physical appearance of the gold, nor do you have to visit the store. You can buy it from the comfort of your home at the live market rate.
- My Digi Gold provides you free secured storage for your precious treasure with a reputed custodian with 100% insurance coverage.
- As easy to sell as easy to buy. Buyers can redeem their digital gold any time at any of our 133+ Senco stores at live gold rates.
Let’s start trading in digital gold on mydigigold following the steps -
- The initial step required to start investing in digital gold is to go to the website or application of senco digi gold i.e., mydigigold.
- Sign up with your mobile number and get the registration done.
- Once the registration is done you can decide the amount of gold or money you want to invest. You can invest in an amount as small as 0.05 gm and the maximum limit of purchase is 10 lacs per transaction.
- If digi gold price exceeds 2,00,000; you need to get your KYC done.
- Once the KYC and payment are done, you will get the virtual possession of 24K digital gold which will be stored in a safe custody in your account with a bonafide custodian.
- You can check your statement by clicking on portfolio statement links as online statements will be available all time.
- Later if you wish to sell the gold you can do it on the website or application at the live market rate or you can redeem or get the physical possession of gold from the store of Senco as well.