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5 Tips For Achieving Your Digital Gold

E-gold, the new mode of digitally investing in the gold market, is leaving physical gold and gold exchange-traded funds behind big time. E-gold or digital gold is the electronic medium to buy gold, and it has consistently been leaving behind the returns offered by gold exchange-traded funds. Digital gold has gained immense popularity among retail investors also, due to the convenience it offers. To buy physical gold, you need to visit the stores or goldsmiths to buy the yellow metal, but when you buy digital gold online, there is no such effort required from your end. Additionally, there is no need to worry about the purity of the gold or the fair pricing on it, when you buy or sell e-gold. If you too are looking to make your investment in digital gold, let’s look at 5 essential tips that would help you achieve your digital gold.

5 Tips For Achieving Your Digital Gold

There are a few things you need to keep in mind when you set out to purchase digital gold. These points will help you achieve your e-gold conveniently and without any roadblocks. 

  • The Platform for Buying Digital Gold

Undoubtedly, digital gold is the most sensible route to owning gold for any investor, but simply deciding that you want to invest in digital gold is not enough. It makes sense to be careful while choosing the platform you select to buy digital gold online. Since the gold you buy digitally is kept in a safe vault with the seller till you are ready to take its physical delivery or sell it in the live markets, you need to ensure you make your purchase from a reputed seller. One such platform from which you can rest assured of the security of your investment is eSwarna by Muthoot Exim Pvt. Ltd. Your gold is kept securely in a locker, and you can demand its delivery whenever you want, simply at a click of a button. 

  • Storage Charges

When you buy digital gold online, you may have to pay storage or handling charges as a buyer. There may be a waiver on the first one or two years of investment, but you will have to pay these charges after that. Usually, these charges are levied per gram of gold you possess. Therefore, if you are planning to keep your digital gold for a long duration, you must consider the storing and handling charges too.

  • GST Charges

GST on digital gold is charged at 3%, just like physical gold. While buying digital gold, it is advisable to include these charges in your budget.

  • Transaction and Making Charges

When you want to redeem your digital gold into physical form, usually sellers levy making charges on your gold. Additionally, there are transaction charges also on the gold you buy. With a few leading platforms like eSwarna, you can get the benefit of 0% transaction and making charges on your gold. 

  • Purity of Gold

When you buy digital gold online, the purity of gold and the safety in transactions is a major concern for you. eSwarna offers you 24 karat gold with 99.9% purity and Assay certified gold. 

There is a general notion that you need to spend a huge amount of money to buy gold. However, with eSwarna, you can start by buying gold for as low as Re.1 and become a proud owner of e-gold. 

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