About Digital Gold

Digital Gold is the revolutionary new manner of investing in the precious metal, that’s been a favoured instrument of investment for decades now. Digital Gold is changing the way people buy, sell and utilise their gold investment. Investing in digital gold makes the process of gold trading much more transparent and seamless, and much cheaper too. Digital Gold can be purchased on Finserv MARKETS for as little as Rs. 100, which allows you to not have to save up for months ahead of an occasion just to buy gold. Instead, you can invest little by little and achieve your long-term goals with the accomplishment of a substantial corpus. Digital Gold also does away with the concerns regarding safety, since buying it on Finserv MARKETS provides you with access to a security vault that can be utilised for a period of 5 years at no additional cost.

How Does Digital Gold Work?

Digital Gold does away with three major drawbacks associated with purchase and sale of gold in the traditional way. These include:

  • Expense: Traditional gold buying involves approaching a trustworthy jeweller after months of saving up, and then having to pay the jeweller substantial making charges along with the associated costs of buying gold. Digital Gold is available for purchase for as little as Rs. 100 on Finserv MARKETS. This makes gold an affordable investment option for anybody and everybody.

  • No Security Costs: Storing gold purchased traditionally involved hefty charges as people preferred to store it in lockers, which involves a hefty charge. People had no choice earlier since storing gold at home gives rise to dangers including theft, robberies, etc. However, when you buy Digital Gold on Finserv MARKETS, you are also given access to a security vault for a period of 5 years without you having to pay any additional charges.

  • Liquidity: While gold has long been the preferred form of investment because of the easy options for liquidity it offers investors, there were several constraints too. For instance, if you buy gold from one jeweller, you can only sell it back to them and that too for a much lower price than you would have bought it for. If a jeweller is different from the one that you bought it from does buy back your gold, it will be for an even lower price. As a result, sale of gold is never profitable. However, with Digital Gold on Finserv MARKETS, you can sell it at the real-time market prices; thereby ensuring your losses are mitigated. Plus, you don’t have to search for a buyer which also guarantees a much faster sale process.

Benefits of Digital Gold

The benefits of digital gold are far reaching and expected to change the way gold is purchased and sold in India. When you buy Digital Gold on Finserv MARKETS, you get access to the following benefits:

  • No storage costs since the Digital Gold is purchased along with a vault, for which there are no additional charges

  • Real-time access to market prices through the Customer Portal, which allows for informed decision-making on the best time to buy or sell gold

  • Faster processing allows for quick transactions both during purchase and sale of gold

  • Lower investment costs, starting at Rs. 100, facilitates building up a substantial corpus over a period of time

  • Security of purchase that is usually only available with trusted jewellers is guaranteed on Finserv MARKETS, where you can buy Assay certified 24k purity gold

Buying, Selling & Redeeming Gold

To buy, sell or redeem gold on Finserv MARKETS, you need to register yourself on the Customer Portal by providing your name, mobile number and the PIN code where the purchase will be initiated. Once you are registered as a customer, you can access the portal to learn about real-time market prices and buy, sell and redeem gold in a matter of minutes.

Buying Gold:

Step 1 - Select the amount of gold you wish to purchase, either in grams or INR.

Step 2 - Once you have selected the gold, you will be directed to a payment gateway. Make the payment, and the gold is yours!

Selling Gold:

Step 1 - Select the amount of gold you wish to sell.

Step 2 - Enter your bank details where the payment is to be credited.

Redeeming Gold:

Step 1 - To redeem the Digital Gold you hold in your Finserv MARKETS account, you must first decide whether you wish to receive it as coins or bars.

Step 2 - Select the amount of gold you wish to redeem. Based on quantity, you might have to select multiple coins or bars.

Step 3 - You will be asked to review the charges for minting of the gold, and the delivery charges.

Step 4 - Once the prices are reviewed, you will be directed to a payment gateway where you must make the payment. The gold will be deducted from your online account!

Frequently Asked Questions

Q. Where is the Digital Gold I’m buying being stored?

A. The Digital Gold you purchase on Finserv MARKETS is backed up by physical gold reserves stored in a vault. When you buy Digital Gold, you get access to a personal security vault that you can use for five years without paying any additional charges.

Q. I was just about to purchase Digital Gold on Finserv MARKETS, but the price changed while I was in the middle of processing. Can I still buy the gold at the price I had originally placed an order for?

A. Prices on Finserv MARKETS are updated in real-time to reflect market prices for gold. When you initiate a purchase or sale, the prices are locked for a period of 5 minutes. If your purchase or sale is not completed within that time, it will reflect the updated prices.

Q. If I purchase the gold from a different city, will I get access to different prices?

A. No. The prices on Finserv MARKETS reflect the live market prices and are not linked to any particular local association. The prices of Digital Gold on Finserv MARKETS will thus remain static across India.

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