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New to investing? See why digital gold is the perfect first step. Safe, easy, and accessible, it's the ideal asset for beginners.
Investing can be very tricky, especially for beginners. With an array of investment options available, digital gold has emerged as a secure and affordable asset.
First-time investors can easily delve into the digital gold pool due to its low-risk and inexpensive nature.
We’re here to tell you all you need to know about investing in digital gold and why it's the best option for first-time investors.
What is Digital Gold?
Digital gold is a hot commodity in the financial sector these days. It is essentially gold that you can buy digitally through online platforms.
Digital gold is an alternative to owning physical gold. It can be sold and bought anytime, anywhere.
Once you buy digital gold, it is stored securely in a safe locker without any additional storage charges.
Should First-Time Investors Consider Digital Gold Investment?
Digital gold is a great investment option for first-time investors. It is a relatively new commodity in the investment market, making it a very versatile and attractive option for beginners.
Simply put, digital gold is real gold in electronic form that can be bought and sold online. When you purchase digital gold, you own real or physical gold stored in bank-grade secured lockers.
It also eliminated the risk of theft or impurities. The seller stores digital gold as 99.9% pure 24kt gold in a locker without an additional storage fee.
Stocks, shares, and bonds can be overwhelming to understand before investing. On the other hand, digital gold is just real gold whose transactions take place digitally for convenience.
Digital gold is also a very affordable option, which does not require a lot of capital commitment from investors.
You can purchase digital gold for as low as ₹10 from the Jar App, which is backed by SafeGold and supports all UPI apps.
How to Invest in Digital Gold?
Several online platforms offer digital gold investment options. You can invest in digital gold through India’s most trusted gold-saving app, Jar.
The Jar App offers a simple and seamless way to invest in digital gold. Follow these steps to start investing in digital gold:
- Download and install the Jar App via the Play Store or App Store.
- Sign up on the app using your registered mobile number.
- You can start saving in gold from just ₹10 through any UPI app, including Google Pay, Paytm, and PhonePe.
- You can also set up an autopay system for daily, weekly, or monthly transactions.
- Start saving your money in digital gold and convert it to physical gold anytime.
The Jar App focuses on building a habit of savings and eliminates the stress of forgetting to save through its autopay feature.
Investors can also take advantage of the round-off saving feature, which invests your spare change from any transaction into digital gold.
For example, if you make a payment of ₹18 at a store through UPI, the Jar App will automatically save the remaining ₹2 in gold.
Comparing Digital Gold with Other Gold Investments
Let’s compare digital gold with other gold investments and see which suits your finances the best.
Conclusion
While there are many other gold investment options available in the market, digital gold stands out for its affordability and authenticity.
When you invest in digital gold, you invest in 24 kt pure gold, which is free from impurities and the risk of being stolen.
As a beginner, you can start saving small amounts of money in gold and watch it grow over the years. Gold is one of the most reliable investment tools with a rich cultural history in India.
