Winning Bizness Desk
Mumbai. The festive season has knocked the doors and people across the country are buying gold and jewelry at these auspicious occasions. But the contra-people or say investors now people not only buy physical gold but also invest in digital gold. The craze for digital gold among the youth has increased a lot in recent times. Gold is generally considered an effective tool to beat inflation, hence it is also a good investment option.
Gold is not a loss deal in any form. But if you want to wear jewelry in festivals, weddings or any other function, then obviously you have to buy physical gold only. In physical gold, you can buy gold brick-biscuit or made-up jewelry. But at the time of selling them, it is possible that the buyer may refuse to pay the making charges. Hence the return on investment may be slightly less here.
This is an option brought solely for the purpose of investment. Here you do not get gold bricks or biscuits. Digital gold is fixed just according to the amount given in your name. There is no fear of losing it nor is there any possibility of losing money in the form of making charges at the time of sale. This is the reason why digital gold is being liked more among the youth nowadays. In terms of investment, digital gold is better than physical gold.
Where to buy digital gold
The best way to buy digital gold is through Gold Exchange Traded Funds (ETFs). Apart from this, you can also earn well by investing in Gold Linked Mutual Funds. Also, there are many online portals from where you can invest in digital gold. For example, you can buy digital gold from Tanishq, Axis Bank or any other bank and jeweler's website.