Home Business A Comprehensive Guide To Buying Digital Gold Online

A Comprehensive Guide To Buying Digital Gold Online

A Comprehensive Guide To Buying Digital Gold Online
buy digital gold online

Digital gold is all that glitters now as young India is now more tech-savvy and investment minded. Gold, the best investment choice for people for years, is now digitally available for profitable investment. Gold is always a precious metal with a belief in its auspiciousness in India. Digital gold makes investing in gold more convenient, fast, transparent, and secure. It is gaining importance among investors as they can buy and sell digital gold without hassles. Also, amid the global pandemic, digital gold investment has become a perfect solution for many individuals, hesitant to visit gold dealers or stores. 

Pursuant to that, here is the comprehensive guide post to buy digital gold online

What is Digital Gold?

Digital gold is the gold in the dematerialised form to be bought or sold electronically. Financial Institutions store it securely in an insured Digital Gold Wallet on behalf of the investor. It is the pure form of gold of 24 karats which is 99.99% pure. One unit of digital gold is equal to 1 gram of gold. 

How Digital Gold Works 

  • You are allowed to buy e-gold in small quantities and take the physical delivery of gold. If you do not want to take the physical delivery of your gold, you can sell these digital units online after making a profit and encash them. 
  • You can redeem the gold savings in the Monthly Gold Savings Plan against gold coins and jewellery or sell it back to the institution at the current gold rate. 

Easy Digital Gold Investing Process

All you need to do is create an online account with the financial institution to initiate the buy or sell transactions. You can buy/sell/convert your gold into jewellery or coins quickly.

  • Buy: To buy digital gold online, enter the desired grams of gold to buy, and simply make the payment.
  • Sell: If you want to sell your digital gold units, you need to choose the amount or weight of the gold in grams and receive the funds in your registered bank account.
  • Coin/Jewellery: If you want jewellery or coin, make payment, and collect them from the nearest branch of the institution.
  • Monthly Gold Savings Plan: To save in a disciplined manner, you can choose the monthly amount to deposit and select the period (minimum six months). You can choose a date for monthly debit at your convenience.

Advantages of Digital Gold Investment

Develop Saving and Investment Habit

You can quickly buy or sell your digital gold or start with a Monthly Gold Savings Plan to develop a disciplined investment habit with a long term perspective. Save in Digital Gold for amounts as low as Re.1 with leading NBFCs offering gold saving schemes.

– Hassle-free Small Gold Investment 

You can invest in digital gold online from anywhere and anytime. All you need is stable internet access and your mobile or laptop to invest in gold digitally. You need not keep finding a dealer or store to buy quality gold.

– Avoid the Risk

Gold in any form acts as a safety net during tough times of crisis. You can keep it more securely in digital form as there is no risk of theft. It is a zero charge service with leading institutions. 

– High Purity

You can stay away from worries about gold purity. You can buy digital gold online with 999 fineness – 24 karats. The digital gold passes through several security checks before being offered to investors. 

– Easy Investment and Liquidity at Live Gold Rates 

You can buy digital gold online at real-time gold rates. Financial institutions ensure real-time market prices to investors. Whenever you want to liquidate your digital gold in an emergency, you can do so quickly. 

– Option for Physical Gold Delivery 

Investing in digital gold offers you to receive your yellow metal in both forms – physical as well as electronic. You can buy/sell it online in electronic or dematerialised form or opt to receive it in physical form. 

– Long term Investment Benefits

Digital gold is treated like physical gold and qualifies for long-term capital gains (LTCG) benefits if the investor holds it for more than three years. Therefore, digital gold investing is more cost-effective in the long term.


Digitally savvy millennials with the same inherited belief in the auspiciousness of gold are ready for hassle-free gold investing experience. Digital gold investment is not only the answer to the investment demands of young India but offers a convenient investment opportunity to every type of investor. Thus, as always, have a sense of financial security with your gold but in a much safer and more convenient way.


  1. May I simply say what a relief to uncover somebody that really understands what theyre discussing over the internet. You certainly know how to bring a problem to light and make it important. More and more people really need to check this out and understand this side of the story. I was surprised that youre not more popular because you certainly have the gift.


Please enter your comment!
Please enter your name here