About Digital Gold

Gold has always been a favourable investment instrument of choice among Indians, and Digital Gold is set to revolutionise the way gold is traded in the country. You can buy and sell gold now from within the comfort of your home, with just a few clicks. You can purchase and sell the gold at market prices, and even choose to renew it at your own convenience. With digital gold, you can enjoy liquidity like never before, and you can easily build up an investment corpus with an investment of as little as Rs. 100. 

Features of Digital Gold

Digital Gold is being touted as a revolutionary way of investing in the precious metal. By trading in Digital Gold on Finserv MARKETS, you have access to a whole new level of convenience that was unthought of earlier when people queued up in front of jewellery shops on festive occasions to purchase gold. Digital Gold offers transparency, which means no added charges and that every bit you invest goes only towards buying the gold. You are also able to buy digital gold at market prices, which ensure seamless operations no matter where you are trading from.

Digital Gold vs Buying Gold at Stores

  • No Additional Charges: When you buy gold jewellery from a jeweller’s, you pay making charges which adds up to a substantial portion of your purchase. When you buy Digital Gold on Finserv MARKETS, you completely eliminate the additional charges and pay only for the gold.

  • No Storage Costs: When you purchase Digital Gold on Finserv MARKETS, you get access to a storage vault at no additional charges. The vault is yours for five years, at the end of which you can choose to sell or even redeem the gold.

  • Low Investment Costs: You can buy Digital Gold on Finserv MARKETS for as little as Rs. 100. With no investment on the minimal amount, you can purchase gold as much and as frequently as you want to.

  • Security of Storing Gold: Storage of the precious metal in a secure manner is a huge concern on people’s minds while investing in gold. Usually, people prefer not to keep gold at home since it can result in thefts or burglaries; but might do so in a bid to restrict the costs of renting out a locker. Buying Digital Gold on Finserv MARKETS allows you to bypass those concerns.

  • Easy Liquidity: Gold is popular as an investment, because of the easy liquidity it offers to investors. People can sell gold and easily avail cash, in the case of financial emergencies. Buying Digital Gold on Finserv MARKETS promises increased liquidity since you can sell the gold with the click of a few buttons and easily avail cash at times of emergencies.

Is it Safe to Invest in Digital Gold?

Gold jewellery is practically an heirloom for most of the Indian families. There are multiple Indian festivals which celebrate the purchase of gold. However, while purchasing gold, people usually tend to go to jewellers they trust since there is a high chance that jewellers could mix other semi-precious metals to the gold in order for their own individual profits. The hassle of verifying the value of the gold you purchase is eliminated when you purchase Digital Gold on Finserv MARKETS, since the gold is Assay certified to be 99.5% pure.

Regarding safety of your investment, Digital Gold purchased on Finserv MARKETS is backed up by actual physical reserves maintained in a secure facility. Any time you wish to redeem the gold you have purchased virtually, you are guaranteed to receive 24K gold. The Digital Gold you purchase on Finserv MARKETS is also fully insured until it is handed over to you.

How to Buy, Sell & Redeem Gold Online

Buying, purchasing and redeeming gold online are simple processes that can be completed in a couple of clicks. You need to register yourself as a customer on Finserv MARKETS, which gives you access to the Customer Portal. Here’s how you complete each of the processes:

Buying Digital Gold:

Step 1: Log into the Customer Portal with your registered mobile number.

Step 2: Proceed to purchase gold. You can choose to purchase gold either in INR or grams. Once decided, make the payment and the gold is yours!

Selling Digital Gold:

Step 1: When you wish to sell gold, ideally check the market price of the metal on the day. You can do this by logging into the Customer Portal of Finserv MARKETS, which provides live updates on the price of gold.

Step 2: Enter the amount of gold you wish to sell, either in grams or as INR.

Step 3: Enter your bank account details so the payment can be credited, and that’s it.

Redeeming Digital Gold:

Step 1: Once you have logged into the Customer Portal, choose whether you want the Digital Gold to be redeemed in the form of coins or bars. On the basis of how much you plan to redeem, you might have to add multiple coins. Add the amount to your cart.

Step 2: Confirm your delivery address.

Step 3: Proceed to payment for the minting and delivery charges of the gold.

Once the payment is completed, the redeeming will be processed. The amount of gold that you have redeemed (in grams) will be deducted from the gold stored in your online account.

Frequently Asked Questions

Q. How long can I use the storage facility provided by Finserv MARKETS?

A. The storage vault provided for you at the time of purchase of Digital Gold is valid for a period of five years. Post that, you can either choose to redeem or sell the gold.

Q. Can I sell the Digital Gold at a higher price than what I bought it for?

A. The price at which gold is purchased is always higher than the price it can be sold for. This is not only because of the cost of the metal, but also factors in other charges including taxes, customs duty, foreign exchange conversion and operational costs. 

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